Alibaba

ETHIOPIA’S ABIY AHMED VISITS ALIBABA GROUP IN CHINA

Posted on by Gambeta News
ETHIOPIA’S ABIY AHMED VISITS ALIBABA GROUP IN CHINA

Prime minister Abiy Ahmed visits Alibaba to build strategic relationship Prime minister Abiy Ahmed visits Alibaba Group – the e-commerce giant, in Hangzhou. In fact, both leaders are building a relationship that will see Alibaba support Ethiopia’s Development.  More so, Jack Ma commends PM Abiy’s reforms in Ethiopia, confirming that Ethiopia is now a key strategic partner which he will visit this year. Click on the floating icon on the right to subscribe. More so,…

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RWANDA AND ALIBABA GROUP SIGN AGREEMENT TO HELP BOOST ECONOMIC DEVELOPMENT

Posted on by Gambeta News
RWANDA AND ALIBABA GROUP SIGN AGREEMENT TO HELP BOOST ECONOMIC DEVELOPMENT

Rwanda and Alibaba sign an electronic world trade platform (eWTP) agreement to help boost economy. The Rwandan government and Alibaba Group, a leading international online commerce company; have signed three (3) Memoranda of Understanding (MoU) to help boost the country’s economy. Under the agreement, Alibaba have also established an electronic world trade platform (eWTP) hub in the small East African nation. This have also made Rwanda the first country in Africa to establish an eWTP…

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Alibaba buys stake worth US$750 million from Wanda

Posted on by Gambeta News
Alibaba buys stake worth US$750 million from Wanda

Alibaba invests in cinema division of  Chinese Wanda.  Alibaba the huge e-commerce organisation has agreed to buy stake from Wanda worth US$750 million. Wanda has been indebted. It’s stake are on its cinema section. The holding company controlled by the Beijing government will take 5.11% (around US$500 million). Generating over US$1.2 billion for Wanda. Following rapid diversification, Wanda ended up mired in debt and under the scrutiny of Chinese regulators, forcing its head Wang Jianlin…

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