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Alibaba signs pact to train rural e-comm gurus


has signed an agreement with the to train one million teenagers to take e-commerce to rural areas. According to the deal, Alibaba will help the rural youth to jumpstart online businesses offering training, funds and partnerships. The deal was sealed in Guizhou province of China.

Alibaba to set up tech development centre in India
Sources say the technology centre could come up sometime towards the end of 2016 or early 2017

Alibaba’s internet finance arm Ant Financial has also announced to support college graduates who want to return to their hometown to start businesses. The firm will be embarking 1 billion yuan for this process.

In rural China, e-commerce is developing quickly as farmers have also started selling products online. In villages, service stations have been set up to help those are unable to buy and sell online on their own .

The number of these village hubs has risen from three in 2009 to 780, with plans in place to build another 100,000 village stations and 1,000 county stations by 2019 at a cost of around 10 billion yuan.