Alibaba’s Plan to Loosen Up World Trade Is Ambitious

The company will reach out to countries to test how a new e-commerce platform spanning the globe might work.

South China Morning Post
Company founder and chief Jack Ma says he hoped global enterprises, including rival Amazon, would work together to create the new platform to connect smaller enterprises around the world.
Company founder and chief Jack Ma says he hoped global enterprises, including rival Amazon, would work together to create the new platform to connect smaller enterprises around the world.

Chinese e-commerce giant Alibaba wants to start negotiations with one or two countries following the G20 summit in September about its plan to create a global e-commerce platform, which company founder and chief Jack Ma says can help knock down trade barriers.

Ma said he hoped global enterprises, including rival Amazon, would work together to create the new platform to connect smaller enterprises around the world.

“Amazon, we respect a lot. They are doing a lot of global trade. If we can work together, that will be fantastic, but I don’t know if they like my idea or not,” he said in Beijing.

Ma first raised the idea of an electronic world trade platform at the Boao Forum for Asia in March, and has been lobbying enterprises and governments at other opportunities, including the B20, a summit bringing businessmen together from the G20 economies.

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