Tuesday, October 19th | 13 Heshvan 5782

Subscribe
October 15, 2017 4:42 pm
0

Chinese E-Commerce Giant Alibaba to Open Research and Development Center in Israel

avatar by JNS.org

The headquarters of the e-commerce giant Alibaba in Hangzhou, China. Photo: Wikimedia Commons.

JNS.org – Chinese e-commerce giant Alibaba announced Wednesday it will open a research and development (R&D) center in Israel. The move is part of the company’s plan to unveil a series of R&D centers worldwide, with an investment of $15 billion.

Since April 2016, the Alibaba Group has been the world’s largest retailer with operations in over 200 countries. It’s also one of the largest internet companies, providing consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. Its online sales and profits have surpassed all major US retailers combined — including Walmart, Amazon and eBay — since 2015.

With the new R&D center, Alibaba joins e-commerce giants such as Amazon and eBay, and more than 300 international companies, that already maintain facilities in the Jewish state.

In a message to Alibaba founder Jack Ma, Israeli Economy and Industry Minister Eli Cohen said, “Welcome to the land of innovation.”

Related coverage

October 19, 2021 11:32 am

Bari Weiss: NYT Passed on Column About 2019 Antisemitic Killings Because Attackers ‘Weren’t White Supremacists Carrying Tiki Torches’

In an interview Sunday, journalist and former New York Times opinion editor Bari Weiss charged the paper with having once...

Cohen, who traveled to China in March with Israeli Prime Minister Benjamin Netanyahu, met Ma during the visit and invited him to invest in Israel.

During their conversation, Cohen joked with Ma, saying, “My daughters steadily increase their purchases from Alibaba, so it’s time for Alibaba to invest in Israel.”

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.