Alibaba Attracting Pakistani Exporters
Alibaba Attracting Pakistani Exporters: Trade Development Authority of Pakistan and Alibaba Group signed a pact to improve the country’s e-commerce and boost exporter’s business last year. This year on Alibaba business-to-business electronic portal, Chinese ecommerce giant Alibaba Group is making efforts to bring Pakistani exporters in the B2B E-list.
They have launched Pakistan’s pavilion on their website where variety of products are showcased. It has around 250,000 registered members from Pakistan. Alibaba group aims to work with Pakistan to introduce Pakisatni products in the global market. Alibaba has been attracting local buyers and suppliers even before the launch of Pakistan’s page. There are 3,000 paid members and most of them are based in Sialkot, Lahore and Faisalabad at the moment in the categories of textile, leather, surgical instruments and sports goods sectors.
For the provision of sales and service support to member companies, Alibaba also signed up with five local partners namely NJ Dynamic Solutions, EB Excels, NextBridge, Alpharex International and Trademor. The site charges up to $1,500 annually from featured suppliers.
Multilingual Alibaba.com is the world’s leading business-to-business portal operating in 190 countries. It has two million online shops and 260 million plus buyers from across the world.
Ant Financial Services Group And Telenor
Rock salt trader from Karachi, posed trust on the Alibaba website capacity to generate orders for his start-up. An associate of Chinese e-commerce giant Alibaba, Ant Financial Services Group, collaborating with Telenor, has agreed to acquire 45% stake, worth around Rs20 billion, to broaden access to financial services through digital payment solutions in Pakistan.
Ant’s Technology Alipay: Digital payment platform
Ant’s technology Alipay, the world’s largest digital payment platform, would bring mobile payment and inclusive financial services to individuals. It would also facilitate small and micro businesses in Pakistan where 90% of online orders are paid through Cash on Delivery.