In­ter­net firms eye tech tie-ups with Rus­sian peers

China Daily (Canada) - - CHINA - By MENGJING in Beijing andMASI in­Wuzhen, Zhe­jiang

Rus­sia may well be the next big mar­ket for Chi­nese In­ter­net firms, as theEuro­pean­coun­try­looks to fur­ther ex­pand its cy­berspace ca­pa­bil­i­ties, ac­cord­ing to top in­dus­try of­fi­cials.

Jack Ma, ex­ec­u­tive chair­man of China’s e-commerce gi­ant Alibaba Group Hold­ing Ltd, said on Wed­nes­day thatRus­sia has the right cre­den­tials to du­pli­cate China’s suc­cess in e-commerce.

“We are hope­ful of build­ing an e-commerce in­fra­struc­ture, in­clud­ing e-commerce plat­forms, In­ter­net fi­nance and smart lo­gis­tics, in Rus­sia,” he said. Ma’s com­ments came af­ter a meet­ing with Rus­sian Prime Min­is­ter Dmitry Medvedev at the on­go­ing Sec­ond Con­fer­ence.

Medvedev’s meet­ing withMa and sev­eral tech en­trepreneurs from both coun­tries are ex­pected to open the doors for fur­ther co­op­er­a­tion in trade and tech­nol­ogy.

TheRus­sianPM­said thatChi­nese com­pa­nies are al­ready lead­ers in many sec­tors. “Tech­nol­ogy de­vel­op­ment will play a vi­tal role in shap­ing our fu­ture,” he said.

Ac­cord­ing to Ma, dur­ing the re­cent Nov 11 on­line shop­ping fes­ti­val, about one in 10 peo­ple from Rus­sia made on­line pur­chases through Alibaba’s AliEx­press, a site ded­i­cated to pro­vide made-in-China prod­ucts for over­seas cus­tomers.

“Rus­sia was one of the lead­ing na­tions in terms of over­seas buy­ers

World

In­ter­net on Nov 11. Rus­sian Pres­i­dent Vladimir Putin has re­it­er­ated his com­mit­ment to help Rus­sian small- and medium-sized en­ter­prises to ex­port goods to other coun­tries,” Ma said, adding that Alibaba hopes to work to­gether with young peo­ple in Rus­sia to build an on­line plat­form that can bet­ter serve busi­nesses in the coun­try.

While Alibaba is bet­ting big on e-commerce, its ri­val Ten­cent Hold­ings Ltd is seek­ing ex­tended co­op­er­a­tion with Rus­sian on­line game de­vel­op­ers.

Ma Hu­ateng, chief ex­ec­u­tive of­fi­cer of the Shen­zhen-based Ten­cent, said he is look­ing to co­op­er­ate with Rus­sian tech com­pa­nies in dig­i­tal en­ter­tain­ment.

“We have no­ticed

that

Rus­sian com­pa­nies are very strong in re­search and de­vel­op­ment. They have come out with sev­eral good on­line games. As one of big­gest dig­i­tal en­ter­tain­ment play­ers in China, we have a lot of ex­pe­ri­ence in pub­lish­ing games and pro­vid­ing charge­able value-added ser­vices and prod­ucts for gamers,” he said. Such ex­pe­ri­ences are valu­able for Rus­sian tech com­pa­nies plan­ning to spread their wings in over­seas mar­kets.

In 2010, Ten­cent in­vested $300 mil­lion in Dig­i­tal Sky Tech­nolo­gies Ltd, one of the largest In­ter­net com­pa­nies in the Rus­sian-speak­ing and East­ern Euro­pean mar­kets.

Con­tact the writ­ers at mengjing@chi­nadaily.com.cn and masi@chi­nadaily.com.cn

FENG YONGBIN / CHINA DAILY

Lu Wei (right), di­rec­tor of the Cy­berspace Ad­min­is­tra­tion of China, and Li Qiang, gov­er­nor of Zhe­jiang prov­ince, ex­change doc­u­ments af­ter sign­ing a strate­gic co­op­er­a­tion agree­ment on Wed­nes­day. The two sides will seek fur­ther co­op­er­a­tion in the de­vel­op­ment of cybersecurity and In­ter­net econ­omy, and other In­ter­net sec­tors.

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