HANGZHOU, China–(BUSINESS WIRE)-
Alibaba (Australia) Company Pty. Ltd., a member of Alibaba Group Holding Limited (BABA) and the Australian Trade and Investment Commission (“Austrade”), signed a strategic collaboration agreement today to strengthen trade opportunities by expanding the variety of Australian products sold to some of Alibaba’s hundreds of millions of Chinese consumers through Alibaba’s e-commerce platforms.
The agreement aims to broaden Alibaba’s existing partnership with Austrade by providing dedicated services for Australian products and leveraging digital content to build brand Australia abroad.The signing of the agreement was witnessed at a ceremony at Alibaba’s corporate headquarters in Hangzhou by Australian Prime Minister, Malcolm Turnbull, and Alibaba Group’s Founder and Executive Chairman, Jack Ma.
Prior to the signing of the agreement Jack Ma, Executive Chairman and Founder of Alibaba Group said, “The next chapter of trade between China and Australia will require closer cooperation and this agreement provides a new framework to ensure more businesses, especially Small and Medium Enterprises, can benefit through the partnership between Austrade and Alibaba.
Together we can all work jointly to support Australian jobs and shape a new future for many people and businesses through the cooperation forged today.”
Speaking during his visit, Prime Minister Malcolm Turnbull said Alibaba “enables the smallest businesses, the mom-and-dad businesses, in the regional part of Australia to have access to the biggest part of the world, something that hitherto only a very large company with enormous resources, with enormous representation would be able to do.
It’s a liberating force for small business. And because so many of the services are available on the cloud, again it reduces the cost of business and levels the playing field between the big company and the small company.”