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Dec 06, 2017 12:09 EEST
December 6 (SeeNews) - Serbia's trade ministry has said Chinese e-commerce giant Alibaba plans to set foot in the country in the coming months.
The Serbian trade ministry and Alibaba plan to set up working groups which will outline joint projects in the sectors of online tourist services, e-commerce and logistics, the ministry said in a statement earlier this week.
The two sides will sign a memorandum of understanding (MoU) after defining the cooperation projects, state secretary at the trade ministry, Tatjana Matic, said after a meeting with representatives of Alibaba in Hangzhou, eastern China.
In September, Matic announced Alibaba Group was considering opening a logistics centre in Serbia and was seeking a local partner to help with the opening.
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 (21.2 billion euro) on the New York Stock Exchange.
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