SOFIA (Bulgaria), January 11 (SeeNews) – Chinese e-commerce company Alibaba Group plans to invest in a logistics center in Bulgaria to service orders from Europe, the Bulgarian government said on Wednesday.
Alibaba also plans to offer Bulgarian food and commodities through its online platform, the government said in a press release following a meeting of prime minister Boyko Borissov and deputy prime minister Tomislav Donchev with representatives of Chinese companies, including Alibaba.
Alibaba Group’s businesses includes core commerce, cloud computing, digital media and entertainment, innovation initiatives and others. In 2014, the company closed the world’s biggest IPO, raising $25 billion (23.78 billion euro) on the New York Stock Exchange.
($ = 0.9512 euro)