Alibaba group has hinted at investing in Pakistan’s e-commerce market to further expand its business in new markets, reported state owned news agency moments ago.
Jack Ma, chairman Alibaba group, indicated this today during a meeting with Prime Minister Muhammad Nawaz Sharif in Davos, Switzerland on the sidelines of World Economic Forum’s annual meeting.
Jack Ma said his country had a lot of interest in investing in Pakistan as they had closely followed positive economic developments in the country.
He said China Pakistan Economic Corridor (CPEC) had provided immense opportunities for the region and added it would generate lots of economic activity.
Prime Minister Nawaz Sharif invited Jack Ma to visit Pakistan at the earliest opportunity.
Jack Ma accepted the invitation and invited the Prime Minister to visit his company’s hub at Ghuangzou.
Ma said that 60 million companies worldwide were benefiting at the moment. To benefit developing countries, he planned to invest in small and medium enterprises.
Alibaba is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals.