Alibaba Group Holding Ltd. has signed a memorandum of understanding with the Trade Development Authority of Pakistan to foster growth of exports by small and medium sized enterprises in Pakistan through its e-commerce platforms, in another step in Alibaba's international push.
Globalization is one of the most important strategy for Alibaba. Its founder and executive chairman Jack Ma has just completed visiting Mexican President Enrique Peña Nieto and Argentine President Mauricio Macri earlier this month, and is scheduled to visit Africa in July to ink similar deals.
Under the terms of the Pakistan memorandum, which was signed during Pakistan Prime Minister Nawaz Sharif’s visit to Alibaba's headquarters in Hangzhou, Alibaba and its financial services affiliate will assist and train Pakistani businesses to export their products through Ali...
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