In this file:

 

         Alibaba to open first e-commerce trade hub in Europe

         The head of Alibaba's online video site has been arrested in China

 

 

Alibaba to open first e-commerce trade hub in Europe

 

Alibaba struck a partnership with the Belgian government on Wednesday to create a trade hub that will help companies in the country to sell products abroad.

It's part of the Electronic World Trade Platform (eWTP), an initiative first proposed by Alibaba co-founder Jack Ma in 2016.

As part of the partnership, Alibaba's logistics arm Cainiao will open a warehouse in Liege, Belgium.

 

Arjun Kharpal, CNBC

Dec 5, 2018

 

Alibaba struck a partnership with the Belgian government on Wednesday to create a trade hub that aims to help companies in the country to sell products abroad.

 

Belgium is the first European country to sign up to the Electronic World Trade Platform (eWTP), an initiative first proposed by Alibaba co-founder Jack Ma in 2016. The plan is to help small-and-medium-sized enterprises to sell products abroad, something they have traditionally found complicated and expensive.

 

As part of the initiative, Alibaba is opening a warehouse under its logistics arm Cainiao in Liege, Belgium. This will help businesses in Europe transport goods to China.

 

The move is part of Alibaba's pledge to help import $200 billion worth of quality goods from the world to China over the next five years.

 

Malaysia and Rwanda have also created e-commerce hubs as part of the eWTP initiative...

 

more

https://www.cnbc.com/2018/12/05/alibaba-to-open-first-e-commerce-trade-hub-in-europe.html

 

 

The head of Alibaba's online video site has been arrested in China

 

By Sherisse Pham, CNN Business

December 5, 2018

 

Hong Kong (CNN Business)The head of Alibaba's video streaming platform has been arrested in China on suspicion of accepting improper payments, the e-commerce company says.

 

Yang Weidong is now under police investigation and has been removed from his position as president of the video site Youku, according to a statement Alibaba (BABA) filed with the US Securities and Exchange Commission on Tuesday.

 

"Alibaba Group is committed to the highest standards of business conduct," the statement said. "We do not tolerate any form of unethical or unlawful conduct."

 

CNN wasn't immediately able to reach Yang for comment.

 

The Alibaba statement...

 

more

https://www.cnn.com/2018/12/05/tech/alibaba-youku-president-arrest/index.html