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Alibaba to create e-commerce jobs for US students

2010. 13 September

( Alibaba Group, China's largest e-commerce firm, has earmarked an investment of $3 million aimed at creating jobs for the US college students in e-commerce, said a China Daily report. p>Under the program "Schwarzenegger Emerging Entrepreneur Initiative," named after California Governor Arnold Schwarzenegger, the company plans to select 3,000 students from 15 colleges in California by the end of 2011, said the report quoting David Wei, CEO of Alibaba.

Upon selection, each selected student is entitled to receive $1,000 from Alibaba towards the cost of operating online shops and logistic service, said the report quoting Wei. He was speaking at the 7th Netrepreneur Summit in Hangzhou, capital of eastern Zhejiang province.

"With the project we wish to help those young students to launch their entrepreneur career," said Wei.

Attending a meeting organized by Alibaba, Schwarzenegger said, Hangzhou-based Alibaba has helped create 20,000 job opportunities in California after its acquisition of two US IT companies this year.

Starting last Friday, Schwarzenegger is on six-day trip to China, Japan and the Republic of Korea, to promote trade for his state whose economy has been badly hit by the global recession. Participation in 2010 World Expo in Shanghai and visiting Hangzhou are notable events during his trip.

However, Alibaba’s latest job creation move is seen as a step forward to improve the presence of its newly-launched AliExpress service in the US.

The company launched AliExpress in April which facilitated online buying of goods directly from exporters in small quantities.

In the recent months, Alibaba acquired two companies in the US namely Auctiva and Vendio, both providing services to eBay.