Alibaba.com moves to Taiwan

A famous Chinese e-commerce auction site Alibaba.com with 30 mln registered users from over 240 countries and regions has announced the opening of an office in Taiwan, its third one outside mainland China.

According to the official statement this move will enable the portal to serve 40,000 members in the "priority market" of Taiwan better. Also they added that owing to this changes they will help more small and medium-size enterprises (on the island) to grow their business through e-commerce.

"The launch of our Taipei office signifies our strong commitment to invest more resources to develop the Taiwan market and help local SMEs with global trade. Alibaba.com can provide Taiwan's 220,000 export orientated SMEs with the right tools to connect with a huge pool of active international buyers and increase their competitiveness," commented David Wei, CEO for Alibaba.com.

"In recent years, fierce competition and a flat domestic economy have cut into the profits of Taiwan businesses and traditional cost saving measures are no longer enough. SMEs in Taiwan need to increase their margins by finding new customers overseas and Alibaba.com can help them tap into the global marketplace," Steve Kang, Senior Business Manager, Alibaba.com Taiwan, added.