Snapdeal CEO Kunal Baul said at the recent International Conference on electricity suppliers that it is confident that the next three years will be an important turning point in profitability. "We must admit that there is still a huge gap to be filled in infrastructure, which is why companies invest more. But I believe this is only temporary. Online retailers Building platforms is of great significance in the long run.

On September 21st, India electric giant Snapdeal said it expects to make profits in the next three years, and plans to invest more in infrastructure construction.

Snapdeal CEO Kunal Baul said at the recent International Conference on electricity suppliers that it is confident that the next three years will be an important turning point in profitability. "We must admit that there is still a huge gap to be filled in infrastructure, which is why companies invest more. But I believe this is only temporary. Now we are building a platform for e-commerce providers, which is of great significance in the long run.

Baul said the international business tycoon. Alibaba In the initial stage of business, it is also a non profit mode. Operate But Ali's sales in the US dollar market reached $50-60 billion last year. "Once it starts to make profits, it will be a huge income. If we want to survive in the fierce market competition, we must consolidate our ability and make ourselves invincible."

It is understood that while preparing to build the company's strength, Snapdeal will also create a large number of employment opportunities and optimize the infrastructure construction at this stage.

When asked whether there was a plan to find partners, Baul pointed out that it is inevitable to find partners in order to expand career development. "At present, there are about 60-70 logistics companies working with us all over the country. We have successfully reached a cooperation intention with the India post office. We have over 1000 items per day, and the coverage of its entire network is amazing."

In addition, Baul said the mobile terminal is also the trend. 5 years ago, India's online retail mobile terminal sales accounted for only 5%, and now it has reached 75%. "Mobile terminals are undoubtedly value-added items. Generally speaking, PC terminals are less promising than mobile terminals. However, in the small towns of India, blood glucose meters are the first ones to sell in non electronic channels, because there are many domestic diabetes and susceptible people in India.