The Times Of India is reporting that a silk-roading service has been launched by Silk Road 2, a company owned by Chinese-India billionaire Sun Yang, to cater to the market needs of China and India.
The Silk Road 1 platform, operated by China’s Alibaba Group, was also launched to cater for Chinese shoppers.
Silk Road is based on a Chinese-made, but open source, open platform, but its aim is to cater mainly to Chinese consumers.
It is not yet clear how the new Silk Road will work in India.
However, it will be useful for Chinese tourists and traders, who will be able to trade on the Silk Road for goods that will be more expensive in India and will not have the same protection as the ones they will receive in China.
The price of goods that are not guaranteed to be protected is expected to be lower than that of Chinese goods.