Ma says Alibaba will set up international version of Taobao marketplace

Reuters News
Posted: Nov 20, 2014 4:19 AM

BEIJING (Reuters) - Jack Ma, the founder of China's Alibaba Group Holding Ltd <BABA.N>, said on Thursday the firm will set up an international version of its e-commerce marketplace Taobao to serve buyers worldwide in multiple languages, including English and Chinese.

Alibaba currently has an international e-commerce platform specializing in wholesale goods called Aliexpress, but does not have a similar offering for consumers to sell to each other. Ma was speaking to Reuters on the sidelines of the World Internet Conference.

(Corrects description of Aliexpress and removes its attribution to Ma)

(Reporting by Paul Carsten; Editing by Muralikumar Anantharaman)