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Twitter thread by Vinayak

Followed by Prime Minister Modi | Author | 🇮🇳 First | Bibliomaniac |

Financial Advisor @wealth_wagon | Unravelling History @echo_historical

https://twitter.com/vinayak_jain/status/1331239048061456384

A short thread to highlight the significance of the Modi

government’s ban on AliBaba’s app AliExpress. (It has more
than a 100 million downloads on Google Play Store.)

In 2015, Timothy Leung, head of global business

development, Alibaba, said: “India is the second most
important market for Alibaba globally, next only to China for
us.”

Chris Tung, CMO at Alibaba, said in 2019: “India and China are
the two major developing markets of the world and there are
a lot of things we share...”

He called for an exchange in expertise and experiences

between the two nations.

Alibaba launched an online platform to provide our SMEs

with financing, logistics, inspections and certifications,
technology and SME trade-linked education.

There were over 45 lakh registered users from India on this

platform.

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12/2/2020 Tool for unrolling long Twitter threads into pretty articles with paragraphs

It also launched an initiative called SMILE to connect Indian

manufacturers with Chinese suppliers.

The above tweets highlight the high importance Alibaba

places on the Indian market and what it has done to tap it.

In today’s India that is digitising so fast an app is the fastest

and cheapest way to reach consumers. That’s exactly what
Alibaba targets through AliExpress. The ban seriously
undermines its ability to reach Indian consumers.

The CCP is linked to every major corporation in China with a

member on the board of every such company. Simply said,
China uses firms as conduits to further its global interests.
Many firms have diverted funds from IPOs in Europe toward
China’s military development.

India’s consumption story will see a boom in the coming

decade. E-commerce will be at its core. Ban on AliExpress will
benefit our companies. Profits will STAY in India — and I can’t
stress this enough. (China has grown because it prevents
Western firms from taking away profits)

Hitting China economically will do much greater damage to

the dragon than anything ever will because it has based its
100-year marathon to overtake the US as the only
superpower through economic means.

Kudos @narendramodi ji 🇮🇳

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