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Alibaba signs deals with Pakistan to support its e-commerce sector

Photo: Alibaba Group executive chairman Jack Ma briefs the Pakistan Prime Minister at Alibaba's headquarters in Hangzhou, China.

Alibaba has signed a memorandum of understanding (MoU) with the Trade Development Authority of Pakistan (TDAP) to support the country’s e-commerce industry.

Under the terms of the MoU, Alibaba, Ant Financial and TDAP have agreed to foster the growth of worldwide exports of products produced by SMEs in Pakistan through e-commerce.

TDAP will help identify suitable SMEs to participate in the training programs, while Alibaba will be responsible for providing industry analysis to TDAP to assist them in their selection process. Online and off-line training programs for the SMEs will also be conducted by Alibaba.

Alibaba, Ant Financial and TDAP have also agreed to promote the growth of financial services in Pakistan in areas such as mobile and online payment services. The parties will use cloud computing services to support the online and mobile e-commerce businesses of SMEs in Pakistan.

Jack Ma, Alibaba Group’s executive chairman, said, “With the globalization of e-commerce, developing countries are well-placed to support the growth of their small and medium enterprises and to seize opportunities which can help bolster their economies.

“E-commerce has been established for developing countries and for SMEs. Pakistan has seen significant progress in recent years and we look forward to working together with TDAP to further enhance the potential of its SMEs through the signing of this MoU.”

May 18, 2017

 

Written by Kirstie Pickering


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