Close X
Monday, November 11, 2024
ADVT 
International

Trudeau To Visit Alibaba For Launch Of Online Hub In China For Canadian Firms

IANS, 02 Sep, 2016 01:22 PM
    SHANGHAI — Canadian merchants are expected to soon have their own online storefront to sell their goods to the vast Chinese marketplace via the e-commerce giant Alibaba.
     
    Prime Minister Justin Trudeau will be present Saturday for the launch of a Canadian "pavilion" on Alibaba's Tmall platform when he visits the Chinese firm's offices in the city of Hangzhou.
     
    Billionaire Jack Ma, Alibaba's founder and chairman, will join Trudeau for the event, which will enable Canadian sellers to tap into China's rapidly expanding middle class that now comprises some 300 million people.
     
    The new pavilion will open the doors for Chinese consumers to buy products from Canadian companies online. Alibaba is the world's largest e-commerce platform.
     
    This will mark Ma's second meeting with Trudeau since the prime minister's arrival in China on Tuesday.
     
    The two men, who also met in January in Davos, Switzerland, appear to have developed some chemistry.
     
    "He's a miracle to me," Ma said Tuesday of Trudeau as they shared a stage at an event hosted by the China Entrepreneur Club.
     
    "Mr. Trudeau also has a very, very special aura — in him you can see and feel the spark, image and confidence of Canada... He is the future of Canada."
     
     
    Ma, one of China's best-known entrepreneurs, told the business crowd that Canada offers top-quality and healthy agricultural products and commodities as well as high tech, environmental tech, music, art and culture.
     
    "These are exactly the types of products Chinese people want and need," said Ma, who also met with Stephen Harper when he was prime minister.
     
    Experts believe Alibaba has a lot to offer Canadian merchants.
     
    Dominic Barton, the global managing director of consulting company McKinsey & Co., said in a recent interview that Alibaba has done tremendous things for China by allowing small mom-and-pop companies there to do business with the rest of the Asian country.
     
    "I think it's been revolutionary good, if I could call it that, from that point of view of just allowing small companies to participate in a big market," said Barton, a global expert hand-picked by Ottawa to help lift Canada's lacklustre growth. 
     
    "And in my view, there's no reason why you can't extend that out to (small and medium-sized enterprises) in other parts of the world."
     
    Alibaba has launched Tmalls in about a dozen countries, including Korea, Australia and the United States.
     
     
    Other observers are not so sure that it will help Canadian firms.
     
    Alex He, a research fellow at the Centre for International Governance Innovation think tank, said Ma has been very active in trying to sell his business model to the whole world as a way to help midsized and small businesses.
     
    "And at the same time, he can make money from that," He said.
     
    He noted that Alibaba has come in for criticism in China that the model allows for the sale of fake goods, which can be very difficult to return.
     
    "Jack Ma's model is very successful, I'm just not sure if they can succeed outside of China."
     
    Finance Minister Bill Morneau, who is travelling in China with Trudeau, was asked about Alibaba's potential for the struggling Canadian economy.
     
    "Our overall goals here are to expand our opportunities together, so we're keenly interested in hearing about any business that's looking to expand their footprint," Morneau said Friday in Shanghai.

    MORE International ARTICLES

    Second Ferry To Ease 'Nightmare' Lineups, Delays To Fogo Island Tourism Hot Spot

    Second Ferry To Ease 'Nightmare' Lineups, Delays To Fogo Island Tourism Hot Spot
    FOGO ISLAND, N.L. — It's hoped a second ferry that started today will ease what critics have called a "nightmare" commute in recent weeks to one of Newfoundland's hottest tourism draws — Fogo Island.

    Second Ferry To Ease 'Nightmare' Lineups, Delays To Fogo Island Tourism Hot Spot

    Australia To Return Stolen 1,800-Year-Old Buddha Statue To India

    Australia To Return Stolen 1,800-Year-Old Buddha Statue To India
    An 1,800-year-old Buddha statue which was displayed in the National Gallery of Australia (NGA) is being prepared for its return to India, after it was found to have been purchased from an illegal antiquity trafficker, authorities said on Friday.

    Australia To Return Stolen 1,800-Year-Old Buddha Statue To India

    'Disordered Eating' Rates Troubling Among Young Lesbians, Bisexuals, Gays: Study

    'Disordered Eating' Rates Troubling Among Young Lesbians, Bisexuals, Gays: Study
    VANCOUVER — Gay, lesbian and bisexual youth are continuing to purge, fast or take diet pills to lose weight while rates for such behaviour among heterosexuals have decreased, a University of British Columbia study says.

    'Disordered Eating' Rates Troubling Among Young Lesbians, Bisexuals, Gays: Study

    Terror In Munich: 'Several Dead' And 10 Injured In Shooting Rampage Inside A Shopping Centre

    Terror In Munich: 'Several Dead' And 10 Injured In Shooting Rampage Inside A Shopping Centre
    Police have confirmed that at least one person has died as a result of the incident and German media have reported there may be up to 15 killed. Two gunmen are believed to be on the loose.

    Terror In Munich: 'Several Dead' And 10 Injured In Shooting Rampage Inside A Shopping Centre

    Rift At Republican Convention Erupts In Boos: First For Trump, Then For Cruz

    Rift At Republican Convention Erupts In Boos: First For Trump, Then For Cruz
    CLEVELAND — The lingering tensions within the Republican party erupted on the floor of its national convention in a boo-soaked spectacle destined for the highlight reel of an already-historic election year.

    Rift At Republican Convention Erupts In Boos: First For Trump, Then For Cruz

    Funeral Service For Sara Baillie, Five-Year-old Daughter Taliyah Marsman

    Funeral Service For Sara Baillie, Five-Year-old Daughter Taliyah Marsman
    CALGARY — A funeral service will be held today for Sara Baillie and her five-year-old daughter, Taliyah Marsman.

    Funeral Service For Sara Baillie, Five-Year-old Daughter Taliyah Marsman