Alibaba and JD.com set sights on France

Alibaba and JD.com set sights on France

Alibaba is looking to open a logistics centre in France and up the number of French products on its e-commerce platforms.

During a recent meeting in Beijing between the French President Emmanuel Macron and the Chinese President Xi Jinping, Alibaba Group boss Jack Ma met with the former and, according to Le Revenu, said: “I will go to France very soon to sign a memorandum of understanding for a Alibaba partnership, including logistics, payment solutions and e-commerce.” And he revealed that 1,700 French brands joined Alibaba in 2017, with their average growth being 53%.

Fellow Chinese online retail giant JD.com also announced during Macron's visit that it would sell more French products and create a presence in the country. 

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