Alibaba to help French businesses sell in China

The Chinese ecommerce company Alibaba has announced that it wants to help French businesses to sell their products to the Chinese market. Alibaba's CEO, Jack Ma, recently attended a meeting with both the French and Chinese presidents, where the matter of ecommerce was discussed. Ma said that he wishes to open a logistics centre in France in the near future, and increase the sale of French products on Alibaba's websites. He commented on the news, saying: “I will go to France very soon to sign a memorandum of understanding for an Alibaba partnership, including logistics, payment solutions and ecommerce.” Around 1,700 French brands are currently on Alibaba, a figure that Jack Ma hopes will increase.