Alibaba Group yesterday signed a memorandum of understanding with the Mexican government to help their small and medium-sized enterprises reach the world's largest consumer market.
Alibaba will work closely with the Mexican Ministry of Economy to help their SMEs to expand into international markets, in particular China. China's e-commerce giant will offer a tailored program for Mexican SMEs to benefit from the company's B2B trading platform, Alibaba.com.
The signing demonstrates Alibaba's interest in and commitment to facilitating the entry of Mexican SMEs into the large Chinese consumer market, observers said.
Alibaba will share best practices in the operation of its logistics and payment platforms to enable Mexican companies to bolster their cross-border e-commerce operations, as well as draw Chinese tourists to Mexico.
The company will offer specialized training on key areas including e-commerce, digital payments, logistics and analytics that drive consumer insight, product innovation and rural development in China.