Alibaba’s CEO Ma stated in an interview with the FT that before the financial crisis hit, Alibaba was helping to move China’s products abroad. Alibaba is now thinking to help SME’s in other parts of the World. There is no holding back to be just ‘China Centric’. Alibaba can also help European SME’s to promote products in India or the USA.  Alibaba has 36m registered users worldwide and generated revenues of Rmb2.2bn ($322m) in the first nine months of 2008; up 43% from the previous year. The group employs 12,000 people and intends to hire another 4,500 this year.     Source: Financial Times Interview 2009-01-18

BIIA Newsletter January – 2009 Issue