British Prime Minister David Cameron was in Shanghai today and met with Jack Ma, the founder of the Chinese e-commerce behemoth Alibaba (the company that's responsible for Yahoo!'s stock recent rise). The two discussed "ways to raise the profile of British brands on Alibaba's popular e-commerce sites as well as strategies for increasing bilateral trade," according to the Wall Street Journal. They also signed an agreement to promote British products on one of Alibaba's properties, Tmall.
No word on whether or not Cameron participated in "Singles Day," November 11, when Chinese consumers bought almost $6 billion worth of merchandise on Alibaba's network of sites.
Matthew Zeitlin is a business reporter for BuzzFeed News and is based in New York. Zeitlin reports on Wall Street and big banks.
Contact Matthew Zeitlin at firstname.lastname@example.org.
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