Alibaba to in­vest more in Rus­sia

China Daily (Canada) - - FRONT PAGE -

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.

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