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Business

Alibaba eyes expansion beyond China

Jack Ma pushes e-commerce platform for SMEs in emerging markets

Alibaba Chairman Jack Ma told a business forum in Kuala Lumpur that the future of globalization is being driven by internet-savvy young people.

KUALA LUMPUR -- China's Alibaba Group Holding, the world's largest online transaction company, is looking at developing economies with large, young populations and numerous small enterprises as its next growth engines.

Better known for online marketplaces like Taobao, Alibaba is turning to developing countries in Southeast Asia, South America, and Africa. The plan is to export its Electronic World Trade Platform, or eWTP, a cross-border e-commerce infrastructure capable of supporting business-to-business and business-to-consumer transactions.

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