India: ShopClues’ exit sets stage for competition between Paytm Mall, Snapdeal

With e-commerce marketplace ShopClues’ recent fire sale to Singapore’s Qoo10 Pte Ltd, the third position in India’s e-commerce market will now be closely contested between Paytm Mall, which is backed by China’s Alibaba, and Snapdeal, which is back in the reckoning after an extensive restructuring.