(Greece) – The Greek Prime Minister, Alexis Tispras, held a meeting in China with Jack Ma, who is the president of Alibaba, one of the China’s biggest companies. The talk, which took place in Shanghai, China, was part of a widespread effort to encourage Chinese businesses, particularly small to medium-sized businesses, to invest in Greece. Although Alibaba is a retail powerhouse, they are looking to expand their reach to countries such as Greece.
According to the Alibaba website, the Alibaba Group provides, “the fundamental technology infrastructure and marketing reach to help merchants, brands and other businesses that provide products, services and digital content to leverage the power of the Internet to engage with their users and customers.” In other words, the platform is geared towards the target market that the Tsipras is hoping will invest in Greece.
Essentially, it is an online sales platform that targets small businesses and young entrepreneurs who are interested in startups. They have a user base of over 10 million businesses that are located all over the world. They offer a wide variety of services that will benefit consumer to consumer, business to consumer, and business to business.
The overall goal of the meeting between Tsirpas and Ma was to find ways to further expand the company’s reach oversees to places such as Greece. It is hoped that partnering with companies such as this that the possibility for investing in Greece would increase.
Tsipras has been in China for the past few days. Earlier in the week, the Greek government announced that they entered into a privatization deal with China that involved the Port of Piraeus. This port is a major stopping point for Chinese ships carrying Asian goods so this move to transfer 65% of ownership to China is a strategic one for the Chinese.