Alibaba to invest more in Russia
China’s e-commerce giant Alibaba is planning to invest more in human resources and technology to expand business in Russia, and help Russian enterprises sell their products to China and other parts of the world, said Jack Ma, founder and chairman of the company.
“Although we have only one employee working in Russia, Aliexpress managed to become the No 1 most-visited e-commerce website in the country,” Ma told Xinhua.
Launched in 2010, Aliexpress allows smaller buyers around the world to buy small quantities of goods at wholesale prices. Aliexpress’ rapid expansion in Russia proves the huge potential and consumer demand for e-commerce in the country, Ma said.
Ma was in Russia to attend the St. Petersburg International Economic Forum, held from June 18 -21.