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Alibaba looks for US partners and customers
By Tim Mullaney |
March 14, 2009, Saturday
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Print Edition
Print Edition
ALIBABA Group Holding Ltd, owner of China's biggest sourcing Website, is seeking partners from the United States to attract North American companies aiming to export products to the fastest-growing major economy in the world, Chairman Jack Ma said.
Alibaba is exploring relationships with companies such as Google Inc, eBay Inc, Yahoo! Inc and Microsoft Corp, Ma said on Thursday in an interview with Bloomberg News. More than a dozen executives of Alibaba, based in Hangzhou, Zhejiang Province, have visited US companies in the past two weeks, he said.
"It's very early to talk about what kind of partnership, but I believe something will happen," said Ma, 44. "We all had good ideas, and now we need to go home and digest."
Alibaba is moving to reduce its dependence on domestic vendors as the global recession erodes Chinese exports, which fell a record 26 percent last month.
Alibaba is exploring relationships with companies such as Google Inc, eBay Inc, Yahoo! Inc and Microsoft Corp, Ma said on Thursday in an interview with Bloomberg News. More than a dozen executives of Alibaba, based in Hangzhou, Zhejiang Province, have visited US companies in the past two weeks, he said.
"It's very early to talk about what kind of partnership, but I believe something will happen," said Ma, 44. "We all had good ideas, and now we need to go home and digest."
Alibaba is moving to reduce its dependence on domestic vendors as the global recession erodes Chinese exports, which fell a record 26 percent last month.
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