LINE

Text:AAAPrint
Economy

Alibaba to expand investment in ASEAN

1
2016-09-12 09:29Xinhua Editor: Mo Hong'e ECNS App Download
Alibaba's chairman Jack Ma addresses the opening ceremony of the 13th China-ASEAN Expo and the China-ASEAN Business and Investment Summit in Nanning, capital of south China's Guangxi Zhuang Autonomous Region, Sept. 11, 2016. (Photo: Xinhua/Huang Xiaobang)

Alibaba's chairman Jack Ma addresses the opening ceremony of the 13th China-ASEAN Expo and the China-ASEAN Business and Investment Summit in Nanning, capital of south China's Guangxi Zhuang Autonomous Region, Sept. 11, 2016. (Photo: Xinhua/Huang Xiaobang)

Alibaba will boost investment and development in ASEAN, according to founder and chairman Jack Ma on Sunday.

The e-commerce giant will "participate in the development of local small- and medium-sized enterprises and young people," said Ma at the opening ceremony of the 13th China-ASEAN Expo in Nanning, which runs from Sunday to Wednesday.

He did not, however, elaborate or share any specific plans.

China-ASEAN trade has exploded, it is now 58 times larger than when the two sides established dialogue relations 25 years ago, which translates into great business opportunities and social development, according to Ma.

If hundreds of millions of young people and small businesses participate in globalization, the world economy and trade will be changed in a greater way, he said, adding that the Belt and Road Initiative is the start of inclusive globalization.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.