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Alibaba.com Sets Up Education Business
Hangzhou-based business-to-business e-commerce company Alibaba.com (1688.HK) formally set up its educational "Ali-Institute" division on October 28, reports People.com.cn. Ali-Institute will focus on training staff and managers of e-commerce-focused small and medium-sized enterprises, said Alibaba.com CEO David Wei.
The Ali-Institute division originates from Alibaba's previous training department, Ali College; its registration as an independently operated company marks Alibaba's official entry into the education and training market, reports Xinhuanet.com.
In the next three years, Ali-Institute aims to help 100,000 people find jobs, train 1 million individuals and recruit 10 million users, said Ali-Institute President Deng Kangming.
The institute plans to expand its e-commerce training nationwide, said the report. Ali College previously offer classes in more than 1,300 colleges in southern and eastern China, said the report.
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