Alibaba (BABA) to Open Offices in Europe

Alibaba (NYSE: BABA) is planning to open offices in several European countries as growth in its home market of China continues to slow.

According to the WSJ, citing Alibaba President Michael Evans , the company will soon have offices in France, Germany, and Italy.

Alibaba will also be promoting international goods to Chinese customers and vice versa for this year's discount festival.

Shares of Alibaba are lower in early trading.

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