Axa and China’s Alibaba enter into global partnership

AXA on Friday said it had forged a global partnership with Chinese e-commerce giant Alibaba and its Ant Financial Services unit to distribute the French insurance group’s products and expand in China.

“Thanks to Alibaba’s unrivaled knowledge of its home market, this partnership will also help us further accelerate our development in China, where we are already the number 1 international insurer,” Thomas Buberl, deputy chief executive of Axa said in a statement.

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MARK SCHLARBAUM - Experienced in China - US business partnerships. Never giving up for those that never stop fighting! Help me join the fight against blood cancer and reach my fundraising goal! Visit My Fund Raising Page