Alibaba, the dominant Chinese e-commerce company, is planning a massive expansion into Europe by introducing Tmall, a popular Chinese e-commerce site, to the European market.
Alibaba's president, J. Michael Evans, announced the news at the Viva Tech conference in Paris, France. CNBC reported that he highlighted the company's commitment to supporting regional companies and customers.
The main objective of Tmall, a reputable platform in China, is to market international products to Chinese customers. However, establishing Tmall in Europe represents a strategic change for Alibaba's global e-commerce operations.
While AliExpress, Alibaba's website that imports items from China, has been the company's leading European presence, Tmall will serve local consumers by featuring local brands and products.
Evans said that Alibaba is currently running a pilot project in Spain and has ambitions to expand them around the continent. This step demonstrates Alibaba's dedication to establishing regional companies and online marketplaces outside China.
He noted that Alibaba wants to provide European customers with a specialized and personalized purchasing experience by using Tmall's well-established reputation and expertise.
"Europe's a top priority for global businesses, including commerce, cloud, & logistics, emphasizing globalization. Conversely, local services, digital media, & entertainment focus on China."
— Viva Technology (@VivaTech) June 15, 2023
- J. Michael Evans, Director & President @AlibabaGroup live at #VivaTech pic.twitter.com/hRORN66UhC
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How is Jack Ma?
Tmall's plan to launch in Europe comes after Alibaba announced that its company would be divided into six distinct entities, giving each unit more autonomy and speedier decision-making capabilities. This action underscores Alibaba's strategic aim to expand its worldwide footprint and change the world's e-commerce environment.
Recently, Alibaba unveiled its most current artificial intelligence (AI) chatbot, effortlessly integrating this latest innovation into its suite of products, including its famed messaging platform, DingTalk.
Alibaba announced the AI chatbot on April 11, describing it as a reliable tool to boost productivity and improve their cloud-based workflow operations, per Quartz.
Meanwhile, Jack Ma, the founder of Alibaba, remains a key player as the company expands outside of China. Evans said that despite his disappearance from the public eye in late 2020, Jack Ma is still Alibaba's biggest shareholder and has a stake in the business's success, as per a report from Reuters.
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