Jack Ma’s Cross Border Plans
Jack Ma came to the U.S. this week and had one thing on his mind: to increase the flow of commerce into China – and Alibaba, of course. If Ma has his way, 50 percent of Alibaba’s revenues will come from outside of China, up from its current level of 4 percent today. Who other than Alibaba is well positioned to fuel the spending passions of the Chinese consumer? And what other trends are driving cross-border commerce investments? Get caught up in this month’s issue of the PYMNTS’ Cross-Border Payments Optimization Tracker.
