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Alibaba aims to expand local business in Europe, president says

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PARIS :Alibaba Group will make Europe top priority as it focuses on building local businesses and online platforms outside China, the president of the e-commerce giant said on Thursday.'What we will focus more for the future is to build local businesses, so you will see something called TMall which we have i

PARIS :Alibaba Group will make Europe top priority as it focuses on building local businesses and online platforms outside China, the president of the e-commerce giant said on Thursday.

Its e-commerce business is to be split, with one side covering Alibaba's domestic-facing e-commerce marketplaces and the other its overseas e-commerce marketplaces such as Lazada, which serves Southeast Asia, and AliExpress.

 

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Alibaba president says group will expand local business in EuropePARIS :Alibaba will focus on building local businesses outside China, with Europe being the top priority, the group's president said on Thursday.'What we will focus more for the future is to build local businesses, so you will see something called TMall which we have in China become TMall in Europe, which m
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