KIEV, Nov. 8 (Xinhua) -- Electronic commerce holds great promise for strengthening ties between China and Ukraine, said Jack Ma, founder of China's Internet giant Alibaba, on Friday.

He made the remarks at the Kiev International Economic Forum (KIEF), where he also acknowledged that an increase in two-way trade could only be achieved if the Ukrainian side improved their logistics infrastructure, Internet coverage and electronic payment system, as well as developing entrepreneurship.

"I'm thinking of inviting many of my friends-entrepreneurs to Ukraine. The opportunities here, your system, the young government and people have great potential," he said told the audience at the forum.

KIEF is a discussion platform whose main objectives are to formulate a growth strategy for the Ukrainian economy, establish links among foreign investors, Ukrainian business and government officials, and to improve the country's reputation in the international arena.