Subscribe to our e-newsletter
Follow us on Twitter
Privacy and cookies
Established 1996
Saturday 15 December 2018

LATEST NEWS 

Aptos

Alibaba strikes e-commerce hub deal with Belgium

Written by Hannah McGrath
05/12/18

Alibaba Group has reportedly signed an agreement with the Belgian government to establish an e-commerce trade hub in the country, as the Chinese retail giant eyes expansion of its European services.

The project, which will include new investment in logistics infrastructure for e-commerce operations, is part of Alibaba’s Electronic World Trade Platform (EWTP). Similar agreements have already been signed in Malaysia and Rwanda.

As part of the agreement with Belgium - its first in Europe - Cainiao, Alibaba group’s logistics arm, will lease 220,000 square meters of space at Liege airport and investment $85 million. The project is set to begin operations in 2021, according to a statement from the company seen by Reuters.

“We strongly believe that under the EWTP, we will open up the huge potential for European businesses to reap the benefits of global cross-border trade, especially into the China market,” Daniel Zhang, Alibaba’s chief executive, is quoted as saying.

The project is aimed at helping countries reduce trade barriers for e-commerce, such as tariffs and customs waiting times. It is intended to 'compliment' the World Trade Organisation, Alibaba has previously said.

Retail Systems has contacted Alibaba Group for comment.


Klarna Banner

Related Articles

Klarna

Retail Payments
Verifone’s Nathan Gill talks to Michelle Stevens about evolving consumer payment behaviours and the importance of the point of sale experience

Advantech's AIM-37 mobile POS solution rocks the Hellfest in France
An application story of the Advantech mobile POS tablet system with printer cradle at the Hellfest festival in Clisson, France.
Most read stories...
World Markets (15 minute+ time delay)