Alibaba group expresses interest in investment in Pakistan

[Dawood Ibrahim]

Irfan Aftab
January 18, 2017
PAKISTAN

• 
  

DAVOS: Chairman of Alibaba group Jack Ma met with Prime Minister Nawaz Sharif on Wednesday and showed keen interest in investing in Pakistan.

Both met in Davos, Switzerland on the sidelines of the 2017 World Economic Forum.

Jack Ma said that they have a lot of interest in investing and have closely followed positive economic developments in Pakistan and ready to invest in building eCommerce platform.

He said that China-Pakistan Economic Corridor (CPEC) has provided immense opportunities. Prime Minister invited Jack Ma to visit Pakistan at the earliest opportunity.

While accepting the invitation Chairman Alibaba group invited Nawaz Sharif to visit his company's hub - Ghuangzou.

Jack Ma mentioned that 60 million companies worldwide were only benefiting from their group at the moment.

The Prime Minister, who is attending the ongoing World Economic Forum (WEF) in Davos, Switzerland, also met with Group CEO of Standard Chartered Bank Global, Chairman of Procter & Gamble and Group CEO of VimpelCom.

PM Nawaz Sharif also met Sri Lankan Prime Minister Ranil Wickremesinghe.

https://www.geo.tv/latest/127851-Alibaba-group-expresses-interest-in-investment-in-Pakistan

 

[Men in Green]

Show me official anouncement from alibaba i dont trust goverment. and specially this ganja

 

[Djinn]

Show me official anouncement from alibaba i dont trust goverment. and specially this ganja

Exactly someone from Pakistani side also exaggerated Ebay's interest in Pakistan.

 

[jinn_baba]

Well it's their's to loose if they don't jump in. Pakistan has huge potential/vacuum which will be filled by someone or the oher.

 

[Sheikh Rauf]

I would say welcome!

 

[Hareeb]

I hope they do partnership with any Pakistan based company. Ebay, Olx, Daraz and Rozee are already there, but a big platform like Alibaba or Amazon is much needed, so they are most welcome to invest.

 

[Devil Soul]

Alibaba founder expresses interest in Pakistan's e-commerce sector
DAWN.COM — UPDATED 29 minutes ago
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Chairman Alibaba Group Jack Ma met Prime Minister Nawaz Sharif on the sidelines of the World Economic Forum in Davos. —Nafees Zakaria/Twitter
Chairman Alibaba Group Jack Ma met Prime Minister Nawaz Sharif on Wednesday and expressed his interest in investing in Pakistan's e-commerce sector, reported the state-run Pakistan Television.

"We are ready to invest for establishing an e-commerce platform in Pakistan," said Ma while meeting the premier on the sidelines of the World Economic Forum in Davos.

Ma added that his company was closely monitoring progress of Pakistan's e-commerce sector.

Alibaba's founder said he wants to support small scale industries in developing countries and informed Nawaz that the Alibaba Group has been facilitating 60 million companies across the globe.

Referring to the China-Pakistan Economic Corridor (CPEC), he said it would provide opportunities for promotion of the bilateral economic ties between China and Pakistan.

During the meeting, he also invited the prime minister to visit his company headquarters in Guangzhou.

Nawaz on the occasion praised the services of Ma's group for the e-commerce sector and also invited him to visit Pakistan.

Alibaba is China’s dominant player in online commerce, with its Taobao platform estimated to hold more than 90 per cent of the consumer-to-consumer market, and its Tmall platform is believed to have over half of business-to-consumer transactions.


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[RIP Pak LAW]

If they are really interested in Pakistan's growing e-commerce industry than they will probably gonna buy Rocket Internet's Daraz.pk which has already nation wide operations in Pakistan. Rocket Internet (German company) that's what they do, establish a company, invest heavily and later sold those entities to bigger buyers. For now they are interested to sell Daraz pk to ebay or Amazon if they want to expand their operations in Pakistan as well. Alibaba will surely try to tap them first.

 

[newb3e]

Alibaba founder expresses interest in Pakistan's e-commerce sector
DAWN.COM — UPDATED 29 minutes ago
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Chairman Alibaba Group Jack Ma met Prime Minister Nawaz Sharif on the sidelines of the World Economic Forum in Davos. —Nafees Zakaria/Twitter
Chairman Alibaba Group Jack Ma met Prime Minister Nawaz Sharif on Wednesday and expressed his interest in investing in Pakistan's e-commerce sector, reported the state-run Pakistan Television.

"We are ready to invest for establishing an e-commerce platform in Pakistan," said Ma while meeting the premier on the sidelines of the World Economic Forum in Davos.

Ma added that his company was closely monitoring progress of Pakistan's e-commerce sector.

Alibaba's founder said he wants to support small scale industries in developing countries and informed Nawaz that the Alibaba Group has been facilitating 60 million companies across the globe.

Referring to the China-Pakistan Economic Corridor (CPEC), he said it would provide opportunities for promotion of the bilateral economic ties between China and Pakistan.

During the meeting, he also invited the prime minister to visit his company headquarters in Guangzhou.

Nawaz on the occasion praised the services of Ma's group for the e-commerce sector and also invited him to visit Pakistan.

Alibaba is China’s dominant player in online commerce, with its Taobao platform estimated to hold more than 90 per cent of the consumer-to-consumer market, and its Tmall platform is believed to have over half of business-to-consumer transactions.


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Ganja never misses photo op! Bastard