Sunday , January 29 2023

Alibaba will invest $ 200 billion in China


SHANGHAI, – Alibaba Group Holdings said it will help import goods worth 200 billion US dollars to China in the next five years. These things come from more than 120 countries.

Quoted from South China Morning Post, Tuesday (June 11, 2013), This was done to meet China's growing consumer demand for high-quality international goods.

Between 2019 and 2023 Alibaba will help import goods from countries such as Germany, Japan, Australia, the United States and South Korea. Imported goods come from companies of different sizes.

"Not only do we want to achieve sales innovation behind the $ 200 billion, but we also want to achieve digital innovation in the supply chain," said Daniel Zhang, Chief Executive Officer of Alibaba at the Global Lead Leadership Summit in Shanghai, China.

Zhang said, with a combination of cooperation with partners in the digital supply chain and consumer market, Alibaba will realize the dreams of all circles in China and dream of digital and innovative imports.

The promise of the Alibaba came a day after Chinese President Xi Jinping promised to open the Chinese economy to the outside world. This implies a number of efforts, such as reducing import tariffs and expanding market access, and expressing economic globalization.

Alibaba will hold a trading party tomorrow on November 11, 2018. Alibaba's shopping party aims to reach a record of 1 billion orders within 24 hours.

Single Dai is the largest online shopping in the world. Alibaba will also have a warehouse of 1 million square meters for keeping the ordered goods on a one day day.

In September 2018, Alibaba also planned to invest 15 billion US dollars in order to strengthen its global logistics network in the next 5 years.

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