Alibaba makes profit in India; Flipkart continues to be in the red

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Alibaba.com India Ecommerce has made profits in two financial years since entering India. In contrast, India's largest online player Flipkart continues to be in the red after more than six years of operations, although the scale differs vastly.

The Indian unit of Alibaba posted a profit of more than Rs 1 crore on sales of Rs 20 crore in the year ended March 2013, according to the latest financial numbers available with the Registrar of Companies. Alibaba's filing also shows that it bo ..

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Alibaba makes profit in India; Flipkart continues to be in the red - The Economic Times
 
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