Alibaba Chairman Jack Ma

Alibaba is seeking to relate to Google, EBay, and Yahoo! and Microsoft. More than a dozen Alibaba leaders have visited US companies in the past two weeks .

Alibaba Group Holding Ltd., which owns China's largest commercial website, is seeking to partner with US partners to attract North American companies that want to export to China.

Alibaba chairman Jack Ma said they are exploring relationships with companies like Google, EBay, and Yahoo! and Microsoft. More than a dozen Alibaba leaders have visited US companies in the past 2 weeks.

Alibaba Chairman Jack Ma Picture 1
Alibaba seeks to cooperate with Google and EBay

Alibaba is seeking to reduce its dependence on domestic firms as the global economy recedes, making Chinese exports record a 26% drop in the past month. This year Alibaba is spending $ 30 million marketing budget out of China to attract new users. Some of Alibaba's revenue comes from charging subscribers to sell products on its website.

eBay, which runs eBay.com online auction site and PayPal payment system, is ready to cooperate with Alibaba, eBay CEO John Donahoe. Alibaba has an AliPay online payment service that is compatible with PayPal.

Kareem Winters

Update 23 May 2019

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