Alibaba signs European trade deal with Belgium

6 monthes ago   |   By Fashion United

Chinese retail giant Alibaba has reportedly signed an agreement with the Belgian government to establish an e-commerce trade hub, as part of its European expansion strategy.
The news was reported by Reuters, who said the project is part of Alibaba's Electronic World Trade Platform , and Belgium is the first European country to join the project following similar agreements in Malaysia and Rwanda.
Alibaba's logistics arm, Cainiao, will lease a 220,000 square meter logistics port at Belgium's Liege airport as part of the deal and invest an initial 75 million euros in the project set to begin...
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