Published On: Tue, Dec 5th, 2017

Alibaba Delegation in Faisalabad

Facebooktwittergoogle_plusredditpinterestlinkedinmail

AlibabaaThe Faisalabad Chamber of Commerce and Industry (FCCI) President Shabbir Hussain Chawla said that E-commerce is the way forward of  conducting business and also giving a chance for SME’s (small and medium enterprises ) to provide their products and services to consumers residing in all parts of the world. Addressing  the Alibaba delegation in the meeting room of FCCI, he stated that Ali Baba is a pioneer of e-commerce and has set new standards in supplying products online.  Pakistan should also target the e-commerce market by launching new companies and also begin  a partnership with Alibaba  to acquire maximum dividends.

While speaking to the Alibaba delegation he also suggested that Alibaba should have their own warehouses in various countries and also have operative logistical services and reliable banking systems so that the customers can be compensated if the products delivered are damaged.

Partik Wang and Jason Jia of  Alibaba delegation spoke about the business activities of the e-commerce company and said that they are ready to offer a “unique opportunity” for  the businessmen of Faisalabad to directly reach their buyers without having their own warehouses and middlemen. He also said that Alibaba recorded a revenue of 119.8 billion Yuan which translates into $ 17.4 billion  in the fiscal year ending March 31, 2017 in Chinese online sales. He added that the increased internet usage and the spending power of customers are factors which are helpful in the growth of e-commerce.

 

About the Author

- Zonaira joined IBEX from the first issue as a writer and later joined the editorial team. She completed her Masters’ degree in Mass Communication from Kinnaird College majoring in Film Making and Advertising. Lifestyle stories, social issues, budding entrepreneurs and fresh startups resonate and inspire her writing. She is keen on putting in perspective the latest business developments and happenings and highlighting prominent professionals belonging to all walks of business. She has worked as a content writer, editor and reporter for a number of publications. Always in transit, an avid reader and traveler, her other interests include theater, languages, religions and teaching young children creative writing.