Colombo, Jan 19 (NIA) – China’s e-commerce giant, Alibaba has shown keen interest in investing in Sri Lanka and to build an e-Commerce platform to further promote it’s on-line business ventures, Sri Lanka’s Finance Ministry said in a statement here on Thursday.
Sri Lanka’s Finance Minister Ravi Karunanayake, held discussions with the Founder of Alibaba Group, Jack Ma, on the sidelines of the World Economic Forum in Davos, Switzerland, on Wednesday.
The statement said that Jack Ma, had stated that he will take immediate action to start investment in Sri Lanka and had also pointed out that his proposed investment would generate hundreds of employment to the youth in Sri Lanka.
Alibaba Group Holding Limited, is a Chinesee-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals.
It also provides electronic payment services, a shopping search engine and data-centric cloud computing services.
The group began in 1999 when Jack Ma founded the website Alibaba.com, a business-to-business portal to connect Chinese manufacturers with overseas buyers.
Forbes has listed Jack Ma as the second richest in China and No. 28 among the World’s most powerful people.