The Digital Source For China's Tech Innovation Since 2000

Search
Close

China's Alibaba Plans To Invest USD30 Million In Overseas Markets In 2009

March 16, 2009
Business | Internet

According to Jack Ma, CEO of the Chinese e-commerce giant Alibaba, to help and attract small companies in North America to export more goods to China, the company is now seeking cooperative partners in the United States and it has started discussions with companies such as Google, eBay, Yahoo, and Microsoft.

During his recent investigation in the United States, during which he spoke at such venues as the Asia Society in New York, Ma said it is still early to talk about what kind of agreements they will achieve, but he believes Alibaba will finally realize cooperative relationships with these companies.

This move for Alibaba reportedly aims to reduce the company's dependency on Chinese foreign trade companies. According to the statistics released by China's General Administration of Customs, China's export volume decreased by 26% in February 2009. To attract new users, Alibaba plans to invest USD30 million in overseas marketing in 2009. At present, Alibaba has one million American users in the B2B market. The problem Alibaba will face is that the foreign market is so disparate, so targeted marketing activities will be difficult for Alibaba unless it works on focusing in vertical areas.

John Donahoe, CEO of eBay, said the company holds an open attitude towards the cooperation with Alibaba. He said Alibaba's payment system Alipay has a good performance in China's online payment sector and eBay's PayPal payment system also operates well in and out of China. With the cooperation, the two companies will be able to integrate both payment platforms.

Tags: Alibaba | Alipay | America | Ant Group | ASIA | B2B | China | Chinese | e-commerce | eBay | export | Exports | foreign trade | General Administration of Customs | Google | import | Jack Ma | manufacturing | Microsoft | New York | North America | online payment | online shopping | search engine | sourcing | statistics | supplier | United States | USA | Yahoo

Other Related News:

Chinese Search Engine Heads To Singapore For New Languages Lab

March 9, 2012

Sanyo Sells Environment-friendly Battery In China

February 1, 2008

China's First Real Name Blog Website Online

January 31, 2007

Experts warn Olympics participants: China doesn't need an app to spy 24HTECH.ASIA

February 9, 2022

Alibaba Faces New Threat: an Evolving Chinese Shopper

October 18, 2021

Tory MPs raise fears over Beijing data grab as Communist Party tightens its grip on TikTok the video-sharing app with millions of users worldwide

September 7, 2021

WangYou Partners With Tencent's QQ.com

July 6, 2006

Taiwan Semiconductor And 5 Other Stocks Have Very High Payout Ratio

August 6, 2021

China Mobile Plans To Build Research Center In Silicon Valley

October 10, 2008
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....