By Shawn Lim
Alibaba is launching the ‘2020 Spring Thunder Initiative’ to help small and medium enterprises in China succeed during the trying circumstances of the coronavirus pandemic (Covid-19).
In a staff memo announcing the launch, chairman and chief executive Daniel Zhang said the initiative includes, but is not limited to helping export-focused SMEs expand into new markets through AliExpress, Lazada and Tmall World.
He said Alibaba is also helping a subset of these SMEs transform and develop their business in the Chinese market through measures such as resource support, fee reductions and fast track processing.
To do this, Alibaba is activating manufacturing belts, Read full story ›
Source: The Drum