Alibaba shows interest to invest in Pakistan

Davos: Chinese e-commerce tycoon, Alibaba, met Pakistan’s prime minister and showed his keen interest to start his business in Pakistan.

Jack Ma, the chairman of Alibaba Group met Nawaz Sharif in the annual meeting World Economic Forum’s (WEF). He said that his country has deep interest to invest in Pakistan because of the improvements and developments made by Pakistan in its economic sector. Jack said that China Pakistan economic Corridor (CPEC) brought huge levels opportunities for the region and will bring lots of economic activities in the region.

Nawaz Sharif also invited Jack Ma to visit Pakistan as soon as possible and the invitation was also accepted by Jack with an invitation to PM to visit Alibaba’s hub at Ghuangzou.

According to Jack Ma, at present 60 million companies were getting benefit in the whole world by its services. He told Nawaz that he is planning to invest in small and medium level enterprises in developing countries.

Alibaba is an e-commerce tycoon which provides door to door sales opportunities to consumers and sellers worldwide. It was found in 1999 by Jack Ma and serves business to business, business to consumer and consumer to consumer services all around the world. Its headquarter is situated in Hangzhou, Zhejiang, China.