FAISALABAD: E-commerce is the future mode of business, which will also provide an opportunity to the Small and Medium Enterprises (SME) sector to directly supply their products to the end-consumers in any part of the world, said Shabbir Hussain Chawla, president of Faisalabad Chamber of Commerce & Industry (FCCI).
He said that there was no doubt that Alibaba is the pioneer in sale and purchase of products online.
He said that the mega firm started its journey as a small enterprise that made tremendous progress and currently it is handling business of billions of dollars in 190 countries across the globe.
He suggested that Alibaba.com should establish their warehouse in different countries to ensure speedy supply to the customers.
Jason Jia and Patrik Wang of Alibaba.com briefed the meeting about the operational activities of Alibaba. Thye said that in the fiscal year ending March 31, 2017, the Chinese e-commerce corporation recorded revenue of 119.8 billion yuan in Chinese online sales.
“This translates to approximately US$17.4 billion,” he said and added that as of 2015, China is catching up with the United States in the battle for e-commerce supremacy.
The meeting was also attended by Senior Vice President Sheikh Farooq Yousaf, Vice President Usman Rauf, Mian Jvaid Iqbal, Rizwan Ashraf and Sohail Bin Rashid.
Later, President Shabbir Hussain Chawla inaugurated an awareness session, organised by Balibaba, a local company dealing in the sale and purchase of various products online. A documentary on Balibaba was also presented.
