Get the app today! Download iPhone App Download Android App

Alibaba To Continue To Invest Aggressively

Published on Jan 25 2019 11:05 AM in Technology tagged: Trending Posts / China / Alibaba Group / Cross-border trade

Alibaba To Continue To Invest Aggressively

Chinese e-commerce giant Alibaba Group Holding Ltd will continue to invest aggressively despite an uncertain business environment, a senior company executive said at a Reuters BreakingViews event on Friday.

Alibaba's executive vice-chairman Joe Tsai struck an optimistic note about China and said people were over worried about the country's economy, adding that Chinese consumers were still fundamentally very strong.

The comments from Tsai come at a time when China's economy has seen growth plumb the lowest in nearly three decades amid faltering domestic demand and bruising US tariffs.

In December of last year, the online retailer signed a deal to open a 'smart logistics hub' at Liege Airport in Belgium to develop a more inclusive and innovative trade platform, that will facilitate greater and more equitable access to cross-border trade opportunities, in particular for SMEs.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

Share on Facebook Share on Twitter Share on LinkedIn Share via Email