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Could China’s e-commerce giant be widely seen in Russia a few months from now? Could the Russian online trading market be the company’s next target? Well, only Alibaba founder can answer these questions.
Aiming to expand its e-commerce business internationally, the Alibaba Group Holding is now eyeing Russia to be the company’s first international venture.
According to reports last weekend, Alibaba founder Jack Ma said that the company is exploring options for the Russian online trading market. And during the interview with China’s Xinhua, the chairman added that despite having only one employee working in Russia, Aliexpress managed to become the no. 1 most-visited e-commerce website in the country.
Launched in 2010, Aliexpress allows smaller buyers around the world to buy small quantities of goods at wholesale prices. With Aliexpress’ fast development in Russia, the company has really good reasons to build an e-commerce empire there. Why not? Ma can surely see huge potential and consumer demand for e-commerce in the country.
Moreover, Alibaba is planning to invest more in human resources and technology in order to expand businesses in Russia, and help Russian enterprises to sell their products to China and other parts of the world.
After attending the St. Petersburg International Economic Forum and talking to high-profile Russian officials Russia last week, Ma expressed the hope that the development of e-commerce in Russia could bring more opportunities for small and medium-sized enterprises and improve the relevant infrastructure.
As one of the most successful e-commerce company in China, Alibaba founder also stated that Alibaba could share with its Russian partners its experience in operation and management – particularly in e-commerce and Internet development.
Well, since Aliexpress is doing well in Russia, there’s no doubt that the Chinese mogul really wants Russia to be the second home of his company. For sure, Russia can prove to be a fruitful market for Alibaba.
Truly, this initiative by China’s e-commerce giant could be a great opportunity for Russians to explore the many possibilities of expanding their e-commerce and developing their SMEs as well as penetrating the whole Russian market. I hope that the Russian government will support such development for their country will greatly benefit from it in the future.
Who knows? In just a few months, we will finally see China’s e-commerce giant Alibaba in Russia. Just wait and stay updated.