To commemorate the Year of the Tiger’s numerous celebrations, Alibaba.com, Alibaba Group’s international wholesale marketplace, aims to make significant changes in the next year by infusing fresh vitality into Pakistan’s digital economy.
“Pakistan’s IT industry has massive growth potential and even greater investment prospects,” explained Mr. Song, the country manager of Alibaba.com Pakistan. Alibaba.com first entered the Pakistani market back in 2014, and since then the group has successfully enabled thousands of local brands and small businesses to serve millions of customers across the nation.
Alibaba.com would increase its investment in Pakistan, one of the largest seller markets among Alibaba.com’s worldwide enterprises, in order to secure the long-term viability and growth of small businesses.
Extending local support, expanding into new locations, expanding the ‘Country Pavilion,’ and improving e-commerce infrastructure are among Alibaba’s “Four E” plans for enabling more Pakistani SMBs to export. With Pakistan’s economy and exports rising, the country’s national export, or trade quantity, is presently at its highest level in ten years. Alibaba.com is working to improve Pakistan’s existing e-commerce infrastructure as part of its commitment to making doing business simpler everywhere.
In the next three years, Pakistan’s e-commerce environment is predicted to increase by 28 percent annually, and small and medium-sized firms (SMEs) are without a doubt the engine that keeps Pakistan’s e-commerce landscape going.
This quickly growing and dynamic e-commerce business is growing at an astounding rate of $54 billion each year. With this in mind, Alibaba.com intends to launch new efforts to help small companies develop by providing new job possibilities and increasing e-commerce expenditure growth.
Pakistan is one of South Asia’s top e-commerce marketplaces. With over 45 million internet users, China is the world’s largest exporter of online products, providing an excellent development environment for the Chinese e-commerce behemoth.
Alibaba.com has been fostering SME growth for several years, resulting in millions of dollars in investments in the e-commerce industry, as well as training thousands of small company owners around the country.
Alibaba.com, one of the major business-to-business marketplaces, has responded to the newest requirements as it enters the Year of the Tiger, despite numerous concerns generated by the pandemic’s impact.