Karachi: Chairman of Alibaba Group of Companies, Jack Ma, displayed an economic interest in Pakistan’s online business sector in a meeting held with the Prime Minister Muhammad Nawaz Sharif on Wednesday.
The CEO of Alibaba Group, Mr. Jack Ma said his company has followed the positive economic growth of Pakistan and would like to invest in online businesses in Pakistan.
He said China-Pakistan Economic Corridor (CPEC) has given rise to immense economic opportunity in the region, adding that around 60 million online businesses worldwide are benefiting from Alibaba at the moment. He invited PM Nawaz Sharif to the company HQ in Guangzhou at the end of the meeting.
Alibaba is a Chinese billion dollar e-commerce company providing business-to-business and business-to-customer services through its online platforms. It is valued at $150 billion by CNBC.
The Alibab Group has already invested in US startups such as Quixey, Tango, Shoprunner and also runs its own global ecommerce store, Aliexpress.
Previously, the CEO of eBay displayed similar trust in Pakistan’s ecommerce industry saying the country has progressed rapidly in promoting online shopping in Pakistan.
The meeting took place in Davos, Switzerland on the sideline of World Economic Forum’s annual meet.