Jack Ma 'Alive and Happy', Alibaba Plans Major European Push with Tmall, Says President Michael Evans
Portfolio Pulse from Anusuya Lahiri
Alibaba President Michael Evans revealed that founder Jack Ma is alive and happy, and the company plans to expand its e-commerce site Tmall into Europe. Alibaba is currently running a pilot project in Spain, with plans to expand across the continent.
June 16, 2023 | 12:04 pm
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Alibaba plans to expand its e-commerce site Tmall into Europe, starting with a pilot project in Spain. This expansion could boost the company's international presence and revenue.
The expansion of Tmall into Europe represents a significant strategy shift for Alibaba, which could lead to increased international presence and revenue. The pilot project in Spain and plans to expand across Europe show the company's commitment to this growth strategy. This news is likely to have a positive impact on Alibaba's stock price in the short term.
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