19:44 GMT +308 December 2019
Listen Live
    Alibaba

    Russian Analogue for Alibaba Possible – Alibaba Founder

    © Flickr / leighklotz
    Russia
    Get short URL
    186
    Subscribe

    It is possible to establish a Russian analogue for the Chinese e-commerce company Alibaba, Jack Ma, founder of Alibaba, told Sputnik on Thursday.

    ST. PETERSBURG (Sputnik) – That is possible to create an analogue for Alibaba in Russia, Ma told Sputnik on the sidelines of the St Petersburg International Economic Forum (SPIEF).

    However, Alibaba itself cannot implement such a project in Russia alone, the company needs a partner that will support it in Russia, Ma said.

    Alibaba, China's biggest e-commerce group that includes such online shopping websites as Taobao, AliExpress and Tmall, was founded in 1999. According to the company’s statistics, last year ended in March Alibaba’s revenue amounted to more than $15.3 billion.

    Related:

    Obama Attending US-Cuba Business Forum on Promoting E-Commerce
    First Russian-Chinese E-Commerce Platform Opens in China
    Alibaba May Create Platform for Russian Companies to Enter Market
    Tags:
    St. Petersburg International Economic Forum (SPIEF) 2016, Alibaba Group, Jack Ma, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik