CHINA TOPIX

Updated 11:29 AM EDT, Tue, Jun 16, 2020

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Alibaba Shows Investment Interest in Pakistan

Alibaba is offering electronic payment services, online shopping site, and data-centric cloud computing services.

(Photo : Getty Images) Alibaba is offering electronic payment services, online shopping site, and data-centric cloud computing services.

Alibaba's founder Jack Ma has expressed his huge interest in developing an investment in Pakistan. Jack Ma has met with Pakistani Prime Minister Nawaz Sharif earlier this week in Davos, Switzerland on the sidelines of the 2017 World Economic Forum (WEF).

He said that Pakistan and China have been following positive economic developments in the country. The Chinese business magnate mentioned that China-Pakistan Economic Corridor (CPEC) had provided immense opportunities for the region and added it would generate lots of economic activity. Currently, around 60 million companies from around the world were only getting benefits from their group, he added. In addition, Ma said that he plans to support small-scale industries in developing markets.

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Pakistani Prime Minister has invited Ma to visit his country at the earliest time possible and Ma accepted it. In return, Alibaba’s CEO invited Sharif to visit his company’s hub at Guangzhou. According to Sharif, meeting with business leaders such as Jack Ma is beneficial for the small companies in Pakistan. 

“We are ready to invest for establishing an e-commerce platform in Pakistan,” said Ma while at the WEF meeting.

Aside from Jack Ma, Pakistani Prime Minister has also met Sri Lankan Prime Minister Ranil Wickremesinghe, and had meetings with Group CEO of Standard Chartered Bank Global, Chairman of Procter & Gamble and Group CEO of VimpelCom. 

The Chinese e-commerce company has been providing consumer-to-consumer, business-to-consumer and business-to-business sales services through web portals since 1999. Moreover, it is offering electronic payment services, online shopping site, and data-centric cloud computing services.

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