Consumption Ability: Paytm Mall and Logistics Network

consumption ability: Alibaba owns a 46-percent stake in Paytm Mall, US-based financial news site investorplace reported on July 3, citing a report by Forrester Inc, according to Global Times China. Without a proper logistics network and overly relying on heavy discounting, the biggest e-commerce platform in India has seen massive losses recently. Alibaba reportedly refused to offer any further funding for Paytm Mall, one of its largest investments in India, due to the latter's unsatisfying performance. Insufficient consumption ability is the primary issue in the Indian market, given the example of the smartphone sector, in which the luxury iPhone could not catch up with Chinese brand Xiaomi's market share, Liu Dingding, a Beijing-based industry analyst, told the Global Times on Tuesday. In addition, the sluggish global economy has put more pressure on Indian people's economic situation, which further dragged down the vitality of Indian market, Liu said. According to the World Bank, the per capita gross national income of India was 2,020 in 2018, about 20 percent of that of China. (news.financializer.com). As reported in the news.