Croatia presents investment opportunities to Alibaba

Representatives of the Chinese online company Alibaba are considering the Zadar area in Croatia as a location for the construction of a large distribution centre that would cover entire Europe, and recently they have met with officials from the Croatian Ministry of Economy, Entrepreneurship and Crafts.

Alibaba smashes sales record on annual Singles Day

Internet giant Alibaba broke its own sales record of 14.3 billion dollars during China's "Singles Day" 24-hour online shopping binge on Friday, defying fears of an economic slowdown in China.