Alibaba aims to expand local business in Europe, president says

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Alibaba aims to expand local business in Europe, president says
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PARIS :Alibaba Group will make Europe top priority as it focuses on building local businesses and online platforms outside China, the president of the e-commerce giant said on Thursday.'What we will focus more for the future is to build local businesses, so you will see something called TMall which we have i

PARIS :Alibaba Group will make Europe top priority as it focuses on building local businesses and online platforms outside China, the president of the e-commerce giant said on Thursday.

Its e-commerce business is to be split, with one side covering Alibaba's domestic-facing e-commerce marketplaces and the other its overseas e-commerce marketplaces such as Lazada, which serves Southeast Asia, and AliExpress.

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