Chinese Suppliers Directory
Signin - Help - Ad with us - Submit - Download

  Home > Business News >

Chinese retailing giant Alibaba to target Australia for expansion

MELBOURNE - Chinese online retailing giant, Alibaba, has announced on Tuesday that it will open its first local office in the Australian city of Melbourne later this year, after flagging its intentions to expand outside of China.

Alibaba's global president Michael Evans said Australia was a "huge part" of the company's long-term globalization strategy to raise its 423 million customers to two billion by 2036, as it plans to expand its presence internationally.

"Australia and New Zealand are a big part of our globalization strategy. In markets which are very important to us we want a good group of people working for us," Evans told The Australian Financial Review on Tuesday.

"We want to develop government and regulatory relationships; we want to grow here strongly. It's a key part of what we are doing internationally."

The e-commerce business, reportedly worth 200 billion US dollars, currently has eight staff in Australia.

However, with plans to open up its first office in the city of Melbourne by the end of 2016, Alibaba will target Australian consumers as it plans to boost its business over the next three to five years.

Alibaba products are used by a number of Australian retailers, including Blackmores, Woolworths and Chemist Warehouse. Australia was ranked the fifth top-selling country into China during the company's global shopping festival, Singles Day, last year.

Evans said Australian businesses would be well placed to take advantage of the spending boom in south-east Asia.

"We connect with about half a million consumers here. They are actually not all Chinese speaking consumers," he said on Tuesday.

"We are going to engage in e-commerce going both ways, export to foreign markets, import to Australia."

Evans said most of Australia's dealings with Alibaba centered around milk powder.

There are 1300 Australian businesses selling on Alibaba's online global platforms, and the company is confident that number will rise once it begins its expansion into Australia.

(Xinhua), added at 7/19/2016

More headlines

* Shopping with streaming celebrities tipped as new China trend 7/18/2016

* China vows investment, financing reform 7/18/2016

* Brexit spillover effects may persist for years: report 7/18/2016

* Country's new-found great appetite for all things soccer 7/18/2016

* SHFE swears by rules, but says futures 'is not a mass market' 7/18/2016

* Samsung in talks to buy stake in BYD 7/16/2016

* New force of car making looks to tap market potentials 7/16/2016

* China's auto industry moves to protect cyber security 7/16/2016

* Structural reform drives upgrading 7/16/2016

 

Taiwan | Japan | Importers | Trade Leads | Trade Shows | China Yellow Pages | Hong Kong | Italy | Indonesia | Germany
Pakistan | Vietnam | India | Chinainfo | Korea | Chinese Suppliers | Malaysia | China Leads | France | Gulf | Singapore | CD/DVDs

About us | Contact webmaster | List your business | Advertise with us
© All rights reserved. Chinese Suppliers Directory, INTBIT INC 1997-2017. Terms and conditions