Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Jack Ma, the head of Chinese e-commerce platform Alibaba, has said that he is planning to hire 100 new employees in Belgium. They will be sent to China for a one-year training programme focusing on the preferences of Chinese consumers. In May 2016, the company will open an outlet in Brussels. It will also develop its Alipay mobile-payment system targeting Chinese tourists in Belgium and Europe. Jack Ma wants to create a new online platform for luxury goods originating from all European countries. It will target the Chinese middle class, currently estimated at more than 200m people.
Eurofound (2016), Alibaba, Business expansion in Belgium, factsheet number 86619, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86619.