An employee walks past a logo of Alibaba Group at its headquarters on the outskirts of Hangzhou, Zhejiang province, in this May 17, 2010 file photo. Every big bank in town wanted a piece of the Alibaba Group Holding Ltd initial public offering, set to be the biggest technology listing ever. Alibaba's giant IPO comes amid a wave of deals in China's tech sector, putting banks in a tricky situation when it comes to backing clients in the industry. In a sector that's red-hot, companies are sensitive about letting advisors work on deals that run parallel to those of competitors for fear of confidential information leaking out. To match Dealtalk ALIBABA-GROUP-FEES/ REUTERS/Stringer/Files (CHINA - Tags: BUSINESS SCIENCE TECHNOLOGY LOGO) CHINA OUT. NO COMMERCIAL OR EDITORIAL SALES IN CHINA

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India is a major part of the Chinese company's global ambitions but it will have to work hard to differentiate itself from the biggies.

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