Alibaba to invest 11 billion baht in Thailand

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Chinese e-commerce giant Alibaba Group has committed to invest a combined 11 billion baht in Thailand in a move that PM Prayut Chan-o-cha says could benefit the country’s small farmers and rural enterprises due to the firm’s expertise in diverse technology. “Jack Ma (Alibaba’s co-founder and executive chairman) told me he does not solely look for profits because Alibaba already has enough,” Prayut said after his meeting with the Chinese tycoon

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Alibaba to invest 11 billion baht in Thailand

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