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


Alibaba invests billions in physical retail

28/08/2017

Over the past two years, Chinese eCommerce giant Alibaba has spent nearly seven billion euro in physical retail. Its Hema Xiansheng chain already has thirteen supermarkets and it acquired luxury department store Intime from the government in January.

Alibaba exceeds expectations

17/08/2017

Chinese Alibaba has trumped analysts’ turnover and profit expectations with its first quarter results. Its profit even doubled compared to the year before.

Aldi will home deliver in the United States

16/08/2017

German discounter Aldi is starting one-hour deliveries for online orders in the United States, using startup Instacart. Amazon’s reaction was swift: it will test lockers in which custumers can collect items two minutes after ordering them.

Yoox-Net-a-Porter thrives thanks to mobile surge

03/08/2017

Online retailer Yoox-Net-a-Porter has managed to beat analysts’ expectations in the past fiscal year, thanks to a surge in mobile sales. For the first time ever, these sales contributed more than half of the retailer’s total turnover.

Lidl constructs new distribution center in Venlo

01/08/2017

Lidl will open a new distribution center in Venlo, which will cater its web shop’s customer base. The distribution center is not a Lidl Netherlands project, but apparently an international project.

Amazon places own pick-up lockers at consumers' homes

31/07/2017

Amazon announced The Hub, a system of pick-up lockers that can be placed everywhere. They come in different sizes and can be placed both inside or outside of buildings.

Back to top