BANGALORE: Having raised $21.8 billion in the biggest ever initial share sale, the Chinese Internet company is yet again in the limelight, as its Indian unit has made profits in just two financial years since entering India. In contrast, India's largest online player Flipkart continues to go down under even after six years of operations, although the scale differs vastly, reports BI India Bureau.

According to the latest financial numbers available with the Registrar of Companies, the Indian unit of Alibaba has posted a profit of more than 1 crore on sales of 20 crore in the year ended March 2012-13.

Pamela Munoz, manager, international corporate communications, at Alibaba, said "We are currently in a quiet period,” regarding the renaming of the company ‘EasyBusiness’ it bought in December 2010 to enter the market.

In latest developments, it is also reported that over 1.3 million suppliers are registered on the website of Alibaba's Indian wing, which is second only to China's 8.2 million, which is its home market. Additionally, Alibaba also runs an online business-to-business marketplace, whereas Amazon and Flipkart directly sell products to end consumers.

Read Also: Pizza Chain Sbarro To Open 40 Outlets In India By 2019

Amazon Launches Release Day Delivery