Vancouver office could employ 30 people
Alibaba (BABA) is looking to open its first Canadian office in Vancouver, according to a Business in Vancouver report. Alibaba executives Steve Wang and Candice Huang said that Alibaba’s Vancouver office could open within two to three years, initially employing 30 people. Alibaba had 66,421 people employees worldwide as of March 31. In comparison, Amazon (AMZN) had a global workforce of 563,100 employees, while JD.com (JD) had 163,543 employees.
Helping Canadian businesses sell to Chinese consumers
JD.com, an Alibaba domestic rival backed Chinese social media operator Tencent (TCEHY) and American retail giant Walmart (WMT), recently moved to escalate its competition with Alibaba and Amazon in India’s e-commerce industry by buying a majority stake in Flipkart for $16 billion.
Alibaba’s future Vancouver team will be aimed at helping Canadian businesses understand and access the Chinese consumer market through Alibaba’s e-commerce platforms, which include Tmall and Taobao. In Canada, the United States, and Mexico, Alibaba has held gateway conferences to show small and medium-sized businesses in these places how to sell more products in China.
As of March this year, there were 18,000 brands from 74 countries selling to Chinese consumers through Alibaba’s Tmall Global platform.
By showing Canadian businesses how to sell more to Chinese consumers, Alibaba hopes it to create more jobs in Canada. In the United States, Alibaba has pledged to create one million jobs by helping American small businesses access the Chinese market.