Alibaba subsidiary on its way to Belgium | RetailDetail

Alibaba subsidiary on its way to Belgium

Alibaba subsidiary on its way to Belgium

Chinese Alibaba is looking whether it will open an Ant Financial store in Brussels, but it has not taken a final decision just yet. Its subsidiary is focused on financial products, like Alipay.


Discuss progress

The idea that Alibaba would open an Ant Financial store in Brussels has been floating around for a while. Founder Jack Ma has allegedly talked to King Filip about the idea already and State Secretary of the Brussels-Capital Region, responsible for Foreign Trade, Cécile Jodogne, will travel to China in April to discuss it further. “There is a moment in the program for an Alibaba meeting”, Jodogne told Bruzz. “The mission is also an opportunity to discuss the store’s progress in Brussels.”


Ant Financial was inthe news earlier this year, when the American government blocked its bid for MoneyGram. According to the Americans, the acquisition would endanger the national security. Ant Financial was willing to pay 1.2 billion dollars (980 million euro) for the American company.

Questions or comments? Please feel free to contact the editors

Gerelateerde items

Former Delhaize CEO Denis Knoops main shareholder in 1PopUpStore


There is life after Delhaize: former Delhaize Belgium CEO, Denis Knoops, has become a majority shareholder at 1PopUpStore, which owns Chronostock, a company that is specialized in temporary stores.

“Urgent action needed against territorial supply constraints”


(content provided by EuroCommerce) Speaking to mark the launch of the Benelux study on territorial supply constraints, EuroCommerce Director-General Christian Verschueren argued for the EU to act on big brands’ fragmentation of the European market.

Action owner 3i wants to keep chain after all


Investor 3i wants to keep a hold of Action after all. Even though the owner made it seem like it was looking for a buyer, 3i now denies it.

Drastic measures for Marks & Spencer: 100 stores to shut down


British retailer Marks & Spencer wants a strict restructuring: in the next four years, it wants to shut down 100 British stores (instead of 60). “We need to do this to safeguard the future”, it said.

Carrefour and Tencent launch high-tech store in Shanghai


The recently launched ‘Le Marché’ store formula, a first collaboration between Carrefour and Tencent, allows customers to pay with face recognition at unmanned checkouts.

Action owner wants to sell stake


Action’s owner, investment firm 3i, aims to sell a part of the discount store chain next year. The Brits would want to sell a 35 % stake in the firm.