The company is currently the dominant gateway to India’s booming mobile payment market, serving merchants in over 2,000 towns and cities across the country.

Alibaba pioneered a 90-day ‘tour pass’ program for short-term visitors to purchase goods online and offline via the Alipay platform. The aggressive expansion of Alipay in the e-wallet market exacerbated its competition with WeChat Pay.

Alibaba delivered a strong quarterly results with revenue reaching USD 16,651 million, an increase of 40% year-over-year. Mobile MAUs amounted to 785 million, an increase of 30 million over June 2019.

Start-ups providing supporting services to paperless enterprise administrative management are expected to grow.

The financial affiliate of Alibaba is said to be securing a new investment in India's food delivery market. As the quasi-biggest shareholder, it will intensify competition between Zomato and Swiggy, just like Eleme and Meituan in China.

The world's most valued unicorn Ant Financial Services Group reinforces its overseas payment business through collaborating with European company Adyen.

For the second quarter of this year, Alibaba's revenue was CNY 114.92 billion (USD16.74 billion), an increase of 42% year on year. Net income amounted to CNY 19.12 billion (USD2.79 billion), up 150% compared to the same quarter of 2018.