Three Chinese Companies Explore Investment Opportunities in Bulgaria
Chinese e-commerce leader Alibaba explores the opportunity to invest in a logistics center in Bulgaria to service orders from Europe, the Bulgarian government annunced last month.
Alibaba also plans to start offering Bulgarian food and commodities through its online platform.
Alibaba Group’s businesses includes core commerce, digital media, entertainment, cloud computing and innovation initiatives.
Two more Chinese companies have expressed investment intentions. GS Solar Company is considering to build a solar panels factory and Polygroup is interested in buying Bulgarian tobacco.
The meetings were part of China’s plans to expand its presence in Central and Eastern Europe as part of its strategy “One Belt, One Road”. Its aim is to establish new markets for exports from Asia to Europe.
