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

Juro Osawa

Yunan Zhang

and

Shai Oster

Sep 28, 2017 4:28 PM PDT

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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