Alibaba signs MOU with Mexico to help SMEs enter the Chinese market

Ti Gong

Alibaba Group today signed a memorandum of understanding with the Mexican government to help Mexican small and medium-sized enterprises reach the world's largest consumer market.

Alibaba will work closely with the Mexican Ministry of Economy to help that country's 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.

Today’s announcement demonstrates Alibaba’s interest in and commitment to facilitating the entry of Mexican SMEs into the large Chinese consumer market, 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 attract 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.

"Alibaba is one of the world′s largest technology companies with a sophisticated e-commerce eco-system and a remarkable reach of more than 500 million active annual consumers globally,” Mexican President Enrique Pe?a Nieto said in a statement.

The MOU follows a similar one between Alibaba and the Malaysian government earlier this year to create a more inclusive global economy that benefits SMEs in the digital era.

“Alibaba is committed to inspiring, motivating and enabling SMEs from around the world to grow and thrive through e-commerce and the use of technology,” Alibaba executive chairman Jack Ma said. 

Alibaba Group President Mike Evans and Undersecretary of Industry and Commerce of Mexico's Ministry of Economy José Rogelio Garza signed the MOU at Alibaba's headquarters in Hangzhou today.