Alibaba and Macao trade and nvestment Promotion Bureau

October 23rd afternoon, B2B e-commerce company Alibaba (1688.HK) announced that with the Macao trade and Investment Promotion Bureau (hereinafter referred to as "IPIM") partnership and common e-commerce will be extended to more small and medium sized enterprises in Macao. Cooperation memorandum signing ceremony was held during the fourteenth session of the Macao international trade and Investment Fair held on the same day IPIM.

according to Alibaba, the partnership includes a preliminary plan to build the export capacity of SMEs in Macao, to help them develop new international trade market incentive plan. Macao exporters can apply to IPIM up to Macao $20000 (about $2500) annual funding to support services provided by the Alibaba to buy Electronic Commerce, Gold Supplier close to the amount of export through membership service fee.

Macao Special Administrative Region Government Statistics and Census Bureau data show that Macao in 2009 the first eight months of total exports of Macao $5 billion 110 million (about $64 million), the main export destination for the United States and the European union. Economic downturn led to the decline in the total export value, so that Macao exporters more actively expand and look for new markets.

Zhang Ziheng, vice president of

global sales, said: Macao small businesses need to strengthen its export capacity, and the use of e-commerce. Macao, adjacent to China and Hongkong, enjoys a superior geographical position, is another significant growth potential of the global trade portal. We are very pleased to work with IPIM to enable more SMEs in Macao to be exposed to e-commerce to help them expand their customer base, improve procurement processes, and enhance their competitiveness in the global trade market."

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