In an article on Lemonade, Harold Thibault talked about Alibaba Group Holding Ltd (NYSE:BABA)’s possible deals with French government. Recently, Alibaba Group Holding Ltd (NYSE:BABA)’s CEO Jack Ma met with French foreign minister and French council in China. The meeting took place in Shanghai. The environment was casual and most of the talks were in English language. This was probably the most important business meeting held by French top official in China. Alibaba Group Holding Ltd (NYSE:BABA)’s expansion worldwide has compelled many nations to take this e-commerce giant very seriously.
Thibault said that Alibaba Group Holding Ltd (NYSE:BABA) broke all sales record when it noted a transaction figure of 35 billion yuan (4.5 billion euros) last year. A likely deal between Chinese e-commerce giant and French government will open many horizons for trade and business between two countries. Jack Ma will be focusing on showcasing the European products on his online store whereas French government will be interested in getting a hefty investment from Mr.Ma in French e-commerce industry. There is a lot to be achieved in France as there is a clear lacking of state of the art online businesses and retail stores in the country.
The source quoted a statement from Fabius, who said that Alibaba Group Holding Ltd (NYSE:BABA)’s CEO is offered with a lot of sites for opening a retail store. Jack Ma can open office or stores in France on any location of his choice from the proposed places.
French products are highly valued in China. They are a symbol of fashion, luxury and richness. If Alibaba Group Holding Ltd (NYSE:BABA)’s CEO gets a complete access to French markets, this will be a revolutionary breakthrough for Chinese markets.