Posted November 11, 2018 09:47:03 Alibaba, the world’s largest online retailer, is to announce plans to open an online store in Australia that it hopes will be one of the worlds largest.
The announcement is part of a broader expansion of its Australian operations.
Alibaba CEO Jack Ma announced the news in an interview with the Australian Financial Market in Sydney.
“We are planning to open a store in Melbourne and we have a strong relationship with the City of Melbourne, so we expect to open there in the next couple of months,” he said.
“That will be the flagship of the store, and then we will expand our existing stores in other cities around the country.”
Alibaba’s Melbourne store would be the largest online store to be built in Australia, said Mr Ma.
“The store is very unique in that we are opening in Melbourne,” he told the Financial Review.
“It is going to be the first store that is going on a scale that we haven’t seen anywhere else in the world.
It’s a really unique, unique environment.”
Alibaba has long been focused on developing a global brand and said in the interview that it would build the store in the first half of 2020.
“Our goal is to open at least 10 stores globally in the year 2020,” Mr Ma said.
The company’s Melbourne location will be part of an expansion of the company’s Australian operations that has included its retail presence in Sydney, Melbourne, Brisbane and Adelaide.
Mr Ma also said Alibaba’s Australian stores would focus on the Asia-Pacific region and that the company planned to expand the Australian business further in the future.
Alibaba’s plans to expand Alibaba’s online presence were announced on Thursday in a speech by Alibaba chief executive officer Jack Ma.
Alibaba is building an online retail store in Perth and Sydney, and a Perth store, in addition to other Australian locations, according to the Financial Times.
Mr Taibbi said the Perth store would “probably be the biggest, most important” store, with “a big footprint in Perth”.
Alibaba said that it had already opened an online shop in Sydney and plans to build stores in Brisbane and Melbourne in 2020.
Advertisement Alibaba will be Australia’s second-largest online retailer in 2020, after Amazon.
Mr Daum said that Alibaba would be “extremely proud” of the scale of its Australia business.
“At Alibaba we believe that we have an opportunity to play a major role in helping to bring Australian retail to a whole new level,” he added.
“I think we can achieve this by using the latest technology to create an online marketplace, a digital marketplace, and we are going to do that in a very, very sophisticated way.”
Mr Ma’s speech was in response to a question from a reporter about Alibaba’s ambitious plan to expand into the Australian market.
“In 2020 we have plans to grow at least 20 per cent in Australia,” Mr Daem said.
Alibaba did not respond to requests for comment.
The online giant said in a statement that it was planning to invest in Australian businesses and that its plans to become the largest e-commerce platform globally “will create a global platform for global commerce”.
Alibaba’s growth in Australia is likely to have an impact on the Australian stock market.
The Australian Stock Exchange closed down 0.8 per cent on Thursday, the most since January 2021.
Mr Saibbi, who was the first Alibaba CEO to be named in a Fortune magazine list of the World’s 100 Most Powerful People, has been the face of the e-retail giant’s Australian business since the early 2000s.