Alibaba Group Holding announced Tuesday the signing of a memorandum of understanding (MoU) with the Trade Development Authority of Pakistan (TDAP) during Prime Minister Nawaz Sharif's visit to the Alibaba Headquarters in Hangzhou, East China's Zhejiang Province.
Under the terms of the MoU, Alibaba, Ant Financial and TDAP agree to foster growth of worldwide exports of products by small and medium-sized enterprises (SMEs) in Pakistan through e-commerce, according to a press release Alibaba sent to the Global Times.
Online and offline training programs for the SMEs will also be conducted by Alibaba to help SMEs join Alibaba's platforms and optimize exports through e-commerce.
"By entering into this agreement with Alibaba and Ant Financial, we further strengthen mutual cooperation and look to bring about a positive change for our SMEs. With the support of the Alibaba Group and Ant Financial, we hope to elevate our local businesses to new heights and bring them into the realm of the e-commerce platform," Sharif was quoted as saying in the press release.
