Alibaba, a Chinese e-commerce giant, has sought to partner with local firms in Saudi Arabia and the United Arab Emirates as ties between China and the Gulf deepen. This also comes after unfavorable outcomes from Alibaba’s investment in India in companies such as Paytm, Zomato and Snapdeal. The move also seeks to make partnership the focus of its overseas business to help Alibaba navigate different industrial policy initiatives in the region.
Alibaba seeks Middle East partners as Beijing deepens Gulf ties
