Alibaba David Wei projects return of profit growth in 2010
Alibaba.com (1688.HK) Chief Executive David Wei expects a profit growth in 2010 as a result of positive outlook for China’s export trade next year.
Addressing at a press conference, Mr Wei told reporters that he was confident to see profit growth in 2010 as China continued to see an improvement in its economy.
Mr Wei said the online business-to-business platform operator is still in talks over a joint venture in India, as well as a separate partnership in the U.S.
He added the company is also considering other acquisition opportunities around the world.
Alibaba Gala Event with David Wei in attendance
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