Business

DAVOS – Chairman Alibaba Group Jack Ma showed a keen interest in investing in Pakistan and building an e-commerce platform to further promote online business ventures, on Wednesday.


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The Chairman met Prime Minister Muhammad Nawaz Sharif in Davos on the sidelines of the 47th World Economic Forum’s Annual Meeting.

Jack Ma said that his country had a keen interest in investing in Pakistan as they had closely followed positive economic developments in the country.

He said that China-Pakistan Economic Corridor (CPEC) had provided immense opportunities for the region and added it would generate substantial 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.

It also provides electronic payment services, a shopping search engine and data-centric cloud computing services.

The group began in 1999 when Jack Ma founded the website Alibaba.com, a business-to-business portal to connect Chinese manufacturers with overseas buyers. – APP