The Chinese ecommerce titan Alibaba Group Holding Ltd. (NYSE: BABA) is currently in negotiations as it attempts to hire the Human Resource Executive of Flipkart Ltd Priya Cherian to serve as its first human resource employee in India, according to reliable sources. This move by Alibaba could aid in the Chinese ecommerce giant’s recruitment process and help it get more talent from the Indian competitor.
Priya Cherian is employed under the biggest ecommerce company in India—Flipkart—and is currently the director of Human Resource since the month of April last year. Previously, Cherian worked with Yahoo for more than 6 years.
The Human Resource Executive refused to give a statement regarding the matter. Both Alibaba and Flipkart also did not give their comments.
The Chinese ecommerce company is trying to gain foothold in India and has already invested in the payment service provider and marketplace Paytm, as well as the ecommerce marketplace Snapdeal. Recently, reports came out that Alibaba has been considering to acquire a stake in Flipkart and Snapdeal.
The corporation has already employed a number of executives in India in order to work on its strategy in the region. During the month of May, Alibaba has hired Bharati Balakrishnan—a former executive at Bain Consulting. Additionally, Vinay Bhartia got on board in the month of March and served as the Senior Vice President for strategic partnership. Bhartia is primarily responsible for the business to business platform of the Chinese company in India.
Alibaba definitely already operates a business to business platform in the region, which connects buyers and sellers from all over the world. However, the platform it does not facilitate any transactions yet.
Alibaba Group president J. Michael Evans stated during an event in New Delhi last March, “We are planning to enter the e-commerce business in India in 2016. We have been exploring very carefully the e-commerce opportunity in this country, which we think is very exciting on the backdrop of Digital India.” The Chinese corporation’s own consumer-centered marketplace should be ready in around 6 to 8 months.
At present, there are two global executives of Alibaba Group which are aiding the company’s task of spotting opportunities in India. These executives are Alibaba’s global managing director K. Guru Gowrappan and the company’s director-global strategy Soumitra Sharma.
As of 8:54 AM GMT -4 on August 23, the BABA stock is trading at $95.65, up by 0.02 percent or 0.02 points. Currently, Alibaba’s market capitalization stands at 233.68 billion.