Pakistan News

    Alibaba Pakistan Office Address

  • PM Sharif, Alibaba president discuss e-commerce giant's prospects in Pakistan

    Prime Minister Nawaz Sharif on Wednesday met Michael Evans, president of China’s Alibaba Group, to discuss opportunities for the introduction of the global e-commerce giant to Pakistan, Chinese media reported...

    Evans said he was confident Alibaba would fuel a "significant stimulus for growth of small and medium enterprises in Pakistan", adding that advancements in the field of information technology and telecommunication in the...

  • Pakistan to invite PayPal, Alibaba to start e-commerce services

    ISLAMABAD: Pakistan is set to invite global online payment giants PayPal and Alibaba to offer their services in the country, the IT ministry has said, after easing its e-commerce rules...

    The move follows a decision by the global Financial Action Task Force to remove Pakistan from its list of high-risk and non-cooperative jurisdictions linked to money laundering...

  • Alibaba founder expresses interest in Pakistan's e-commerce sector

    Chairman Alibaba Group Jack Ma met Prime Minister Nawaz Sharif on Wednesday and expressed his interest in investing in Pakistan's e-commerce sector, reported the state-run Pakistan Television...

    "We are ready to invest for establishing an e-commerce platform in Pakistan," said Ma while meeting the premier on the sidelines of the World Economic Forum in Davos...

  • Alibaba says profit up 132pc in 'outstanding' quarter

    Chinese e-commerce giant Alibaba said on Thursday that soaring sales fuelled a 132 per cent increase in its net profit in what it called an “outstanding” quarter, as the firm raised its expectations for full-year revenue growth...

    “This quarter we delivered excellent results, with overall revenue growth of 61pc demonstrating the robust momentum in our core commerce business and across the Alibaba economy...

  • Alibaba launches electronic trading hub in Malaysia

    Alibaba launched an electronic trading hub in Malaysia on Friday aimed at helping small- and medium-sized businesses, a first for the Chinese internet giant outside its home country...

    The hub, part of a “digital free trade zone” near Kuala Lumpur International Airport, went live during a ceremony attended by Alibaba founder Jack Ma and Malaysian Prime Minister Najib Razak...

  • Alibaba fined $129,000

    Since Alibaba turned “Singles’ Day”, a Novem­ber 11 Chinese response to Valentine’s Day, into an online shopping festival in 2009, the event has grown to similar proportions as Cyber Monday and Black Friday in the United States...

    “The company has been fined 500,000 yuan ($81,000) for matters related to Singles’ Day pricing by third-party sellers on our Tmall marketplace in 2013 and 2014 and 300,000 yuan ($48,000) for pricing in other...

  • Copying Alibaba, Indian e-tailers woo small sellers

    MUMBAI: Indian e-commerce firms are offering funding help and tech support to woo small retailers, emulating a strategy used by Chinese online retail giant Alibaba Group Holding Ltd to expand into the towns and villages home to the majority of consumers...

    “Alibaba is our big inspiration...

  • Alibaba betting on long-term gain from eSports investment

    The booming eSports industry may not yet attract the sponsors and television rights of real-life sports, but Chinese e-commerce conglomerate Alibaba believes it is only a matter of time before its bet on competitive video gaming comes up big...

    Alibaba's sports arm Alisports was opened in 2015 with the aim of cashing in on the rapidly growing world of electronic sports, where players square off in lucrative video game tournaments that...

  • Alibaba's Jack Ma champions UN e-commerce drive for development

    Alibaba Executive Chairman Jack Ma said on Tuesday the internet should be a utility available to the whole world, putting his weight behind a call for e-commerce by United Nations to boost developing economies and help fight poverty...

    He said Alibaba Group Holding Ltd had created 33 million jobs in China because each small business online could create at least three jobs...

  • Alibaba founder briefed on IT sector development

    ISLAMABAD: Minister of State for Informa­tion Technology and Tele­com­munication Anu­sha Rah­man discussed developments in Pakis­tan’s information and communication technology sector (ICT) with Chairman and Founder of Alibaba Group Jack Ma, according to a press release on Wednesday...

    During the meeting, the minister briefed Mr Ma on recent developments in the IT and telecom sector in Pakistan as more than 40 million people were...

  • Alibaba’s Jack Ma: Fake goods often better than originals

    BEIJING: China’s unbranded goods are often better than the branded originals they imitate, founder of e-commerce giant Alibaba Jack Ma has said, posing an additional challenge to the battle against sales of counterfeits...

    “The problem is that the fake products today, they make better quality, better price than the real product, than the real names,” he said in a speech at Alibaba’s investor’s day in the southern city of Hangzhou...

  • Alibaba Q1 revenue leaps 59pc

    SHANGHAI: Chinese e-commerce giant Alibaba saw revenues leap 59 per cent year-on-year for the quarter ended in June, it said on Thursday, its strongest growth since it listed on the New York Stock Exchange in 2014...

    Alibaba is China’s dominant player in online commerce, with its Taobao platform estimated to hold more than 90 per cent of the consumer-to-consumer market, and its Tmall platform is believed to have over half of...

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