E-commerce industry all over the world has been growing and now Pakistan is also becoming a part of it with various e-commerce ventures already operating in the market. E-commerce has been providing an opportunity to Small and Medium Enterprises (SMEs) to make inroads into global markets.
One such company is Alibaba, the Chinese e-commerce giant, which has been providing a solid platform for SMEs to sell their products in different markets. On Tuesday, a delegation of Alibaba met members of the Faisalabad Chamber of Commerce and Industry (FCCI) in order to discuss entering into the e-commerce market with the help of Chinese company.
Alibaba has been working with thousands of SMEs worldwide and hopes to work with SMEs from Pakistan as well. Alibaba delegation told the members of FCCI that they hope to provide an opportunity to the SMEs located in Faisalabad by giving them direct access to buyers across the globe without having the need to involve any middlemen or set up their own warehouses which will help them cut down their operational cost.
FCCI President Shabbir Hussain Chawla said that companies should get registered with Alibaba to get maximum exposure to the global markets. He also suggested that the e-commerce company should also set up its own warehouses in different countries so that speedy delivery of products is made possible through their logistics systems.
E-commerce sales in Pakistan have also picked up pace with Daraz crossing the mark of Rs. 1 billion sales last year through its Black Friday sales last year. This year the company is aiming to further increase its sales with its ongoing Big Friday Sale. Different e-commerce companies like Telemart, Yayvo.com, Goto.com.pk, and others have also introduced their own sales as well in the month of November.