Alibaba Group Reveals Interests to Invest in Pakistan’s e-Commerce Industry

Jack Ma, Chairman Alibaba group met Prime Minister Nawaz Sharif during the World Economic Forum annual meeting 2017. This meeting was held on Wednesday where CEO of Alibaba Group Reveals Interests to Invest in Pakistan’s e-Commerce Industry. The prime minister addressed top business leaders on “Investing in Pakistan: The New Reality”. Alibaba Group Revealed Interests To Invest in Pakistan’s E-Commerce Industry.

Alibaba group is Chinese leading e-commerce firm. It provides consumer to consumer, business to consumer and business to business sales services through web portals. Its Taobao platform is likely to hold 90 percent estimated consumer to consumer market. Its Tmall platform has half business to consumer transactions.

Alibaba Group Reveals Interests to Invest in Pakistan’s e-Commerce Industry

Jack also reveled his interests regarding investing in Pakistan during a meeting on World Economic Forum. He told that his firm is closely monitoring progress of Pakistan’s e-commerce industry.

MA said:

We are ready to invest for establishing an e-commerce platform in Pakistan

Alibaba’s group has been facilitating 60 million companies in whole world. Jack informed Prime Minister Nawaz Sharif that he is ambitious to support industries on small scale in developing countries.

He also talked about China-Pakistan Economic Corridor (CPEC). He said that this forum will likely to provide opportunities in order to promote mutual economic ties between two countries.

During this friendly yet business oriented meeting, He invited PM Nawaz Sharif to visit his company headquarters in Guanzhou. Prime Minister exalted the services of Ali baba’s Group for e-commerce industry and invited him to visit Pakistan.

This is indeed another positive step after CPEC. This decision would not only be beneficial for Alibaba group but also help Pakistani E-commerce industry to prosper. It will also provide employment to younger lot of Pakistan.

Jack Ma at WEF also talked about America’s economic fall due to some unrealistic strategies of it. He said that American companies like IBM, Cisco and Microsoft has made tons of money but they they didn’t manage to use it in ideal globalization process. Let’s watch Jack complete speech at WEF: 

Also read: Alibaba and SAIC Collectively Launch first Internet Car RX5

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Fizza Atique

Fizza Atique is a Tech writer specializing in the intersection of tech and culture. She likes photography, VR, electronic music, coffee, and baking.

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