Alibaba wants to do business in Brussels from 2016 | RetailDetail

Alibaba wants to do business in Brussels from 2016

Alibaba wants to do business in Brussels from 2016

Alibaba CEO Jack Ma wants to open "Alibaba Embassies" all across Europe, including Brussels, as Alibaba now has plans for a European platform.

First Alipay, then a "European" Alibaba

During King Filip's official state visit to China, an informal meeting with seven of China's biggest entrepreneurs took place, including Jack Ma. According to Minister of Foreign Affairs Didier Reynders, Ma wants to open several "Alibaba Embassies" across Europe to get better acquainted with the local market. "Ma wants to head to Germany and France and has also assured me that he wants to start in Brussels next year", Reynders said in the La Dernière Heure newspaper.

 

The Alibaba founder is apparently eager to get his mobile payment service Alipay off the ground in Europe: "He is targeting every Chinese citizen travelling abroad, who is using Alipay at home anyway. He told us that Visa and American Express are currently his biggest allies... in his fight against cash. He has a clear goal: to rid the world of cash first", Reynders said.

 

Ma also said after the meeting he intends to develop a European Alibaba platform, to give European countries, including Belgium, an opportunity to sell their quality products to the Chinese people, but those plans are for the longer term.

Questions or comments? Please feel free to contact the editors


Amazon now delivers packages to car trunks

25/04/2018

From now on, Amazon delivers orders to the trunk of your car. The retail and technology giant has given its Prime subscribers access to get packaged delivered to the trunk of their car, without any additional costs. The service is currently limited to the United States.

Dutch Beate Uhse division not bankrupt after all

05/04/2018

German Beate Uhse’s Dutch subsidiary has not gone bankrupt after all and will continue its activities in both Belgium and the Netherlands. The company revealed the information itself after bankruptcy rumours surfaced.

Amazon often cheaper than Dutch competitors

03/04/2018

Products that are available on both Dutch web shops and Amazon.de, are cheaper at Amazon in about half the cases. Not only do Dutch stores compete with Amazon.de, which ships to the Netherlands, but there are also rumours that Amazon.nl and Amazon.be will soon become more active.

Trump targets Amazon

03/04/2018

President Donald Trump has apparently targeted Amazon as his new enemy. He feels the retail giant is taking advantage of the U.S. Postal Service, something he wishes to remedy with a series of new rules and legislation.

Amazon undisputed ruler of French online world

29/03/2018

Amazon is the undisputed leader of the French online world thanks to a 5.6 billion euro turnover and a 19 % market share. According to Kantar Worldpanel, the overall online market in France was worth 30 billion euro in 2017.

Retail is main driver of artificial intelligence innovations

29/03/2018

Retail companies will invest about 2.76 billion euro in artificial intelligence this year. According to research firm IDC, they are the main driver for AI worldwide, ahead of the banking sector.