Alibaba’s Tsai Sees a ‘Very Hot War’ in India

Alibaba and Amazon.com are part of a “very hot war” in India and it's far too early to call a winner there, Alibaba Vice Chairman Joe Tsai said in an interview.

Speaking at The Information’s Hong Kong subscriber summit on Thursday, Mr. Tsai also expressed his optimism about the long-term prospects of U.S.-China relations. Short-term tensions between the world’s two biggest economies have lately created uncertainties about U.S.-China cross-border investments, at a time when Alibaba’s financial affiliate, Ant Financial, is trying to gain approval for its deal to buy U.S. money-transfer firm MoneyGram.

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Cherubic Ventures managing partner Matt Cheng, who invests in both Chinese and U.S. startups, said he was excited about innovations in logistics. Mr. Cheng, for example, has invested in U.S. startup Flexport, which uses big data analytics to make global cargo shipping more efficient.

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“With that kind of money, you can actually bend realities.”