The world’s second-largest ecommerce company is set to be the first to be launched on the Chinese market.
Ecommerce giant Alibaba is the first major company to launch on the country’s ecommerce marketplaces.
The move could change the way people shop online and increase the number of online retailers on Alibaba’s platform, according to China’s Alibaba Group Chief Executive Officer Peter Chou.
“The Chinese market has a very different mindset to the rest of the world,” Chou told a crowd in Beijing on Tuesday.
“The Chinese consumer is more open to experimentation, they are more willing to make the leap to the market.
They are more open, and this will be a game changer for the entire world,” he added.
Chou said Alibaba plans to offer a variety of products, ranging from online payment cards and ecommerce services to goods.
Alibaba is also building a Chinese mobile payments platform to serve Chinese consumers and sellers on its platform.
This platform will help to bring the Chinese consumer into the digital world.
At the same time, Alibaba is also launching a Chinese ecommerce portal for Western shoppers.
According to Alibaba’s CEO, this will help Chinese shoppers and sellers to be able to navigate the Chinese marketplace.
In addition, Alibaba’s e-commerce platform is currently the second-biggest online marketplace in the world, according the latest data from research firm Alexa.
But Chou said Alibaba’s goal is to expand into new markets over the next few years.
He noted that China is a very young market, with a very small number of customers who are willing to pay for goods and services.
“[The Chinese] market is the fastest growing market in the entire global,” Chou said.
“So, as a global company, we are very much looking at China, and we are going to focus on that market.”