Alibaba signs agreement with Belgium for e-commerce trade hub

Published: December 5, 2018
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Alibaba is launching a project that will create a “smarter” 
PHOTO: REUTERS

Alibaba is launching a project that will create a “smarter” PHOTO: REUTERS

BEIJING: Alibaba said on Wednesday it has signed an agreement with the Belgium government to launch an e-commerce trade hub, which will include investments in logistics infrastructure.

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The project is part of Alibaba’s Electronic World Trade Platform and the company has made similar agreements in Southeast Asia and Africa.

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Alibaba’s logistics arm, Cainiao, will lease a 220,000 square meter logistics hub at Belgium’s Liege airport as part of the deal and invest an initial 75 million euros [$85.04 million] in the project.

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