MUSIC PLAYER AT BOTTOM

OVER 130 TOP HITS AVAILABLE ON OUR MUSIC PLAYER AT THE BOTTOM. TO VIEW THE LIST - CLICK ON MENU ICON AT THE BOTTOM RIGHT ... PLAYER NOT AVAILABLE FOR MOBILE PHONE / TABLET USERS

TO GET UPDATES IN YOUR E-MAIL PLEASE SUBMIT YOUR EMAIL ADDRESS

Tuesday, 13 June 2017

Alibaba Group Launches Tmall World - a new sales channel in Singapore, Malaysia, Hong Kong and Taiwan


Alibaba launches new sales channels in Malaysia, Singapore

image: http://www.thestar.com.my/~/media/online/2017/06/13/00/49/alibaba.ashx/?w=620&h=413&crop=1&hash=D86981F68FE5EC0662E41C1CC1811879FBA03EEB
The new service, Tmall World, will allow overseas Chinese users to buy goods from Alibaba's Tmall brand-to-consumer retail site, the company said in a statement (Two men chat beside a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou, Zhejiang province May 17, 2010. - Reuters file)REUTERS
The new service, Tmall World, will allow overseas Chinese users to buy goods from Alibaba's Tmall brand-to-consumer retail site, the company said in a statement (Two men chat beside a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou, Zhejiang province May 17, 2010. - Reuters file)REUTERS
BEIJING: Chinese e-commerce giant Alibaba Group Holding Ltd on Monday said it is launching new sales channels in Singapore, Malaysia, Hong Kong and Taiwan as China's deep-pocketed e-commerce firms vie for new users in the region.

The new service, Tmall World, will allow overseas Chinese users to buy goods from Alibaba's Tmall brand-to-consumer retail site, the company said in a statement.

"Alibaba will provide end-to-end solutions including logistics, payment, and localization support catering to each local market's needs," the statement said.

The firm plans on extending the Tmall World network to other countries in the future.

Alibaba has invested heavily in Southeast Asia, seeking to meet lofty user acquisition goals as the Chinese retail market shows signs of maturing.

Alibaba chairman Jack Ma told investors on Friday the company is aiming to have 2 billion customers within 15 years, with overseas customers accounting for 1.2 billion of those users.

Alibaba had roughly 450 million active annual buyers on its China marketplaces in the year ended March 31.

In 2016 it agreed to invest $1 billion in Southeast Asian retailer Lazada Group, and launching a service that allows local users to purchase a selection of Tmall goods.

The latest sales channels take aim at the 100 million Chinese citizens living overseas, and users must have an active Chinese payment method to purchase goods.

It comes as Alibaba payment affiliate Ant Financial is also expanding heavily in the region through investments and joint ventures.

In the past year the finance firm has sealed deals in Thailand, Indonesia, South Korea, Hong Kong and India, as well as rebranding Lazada Group's payment arm Hello Pay under Ant Financial's own Alipay brand.

It also comes as rival Chinese e-commerce firm JD.com Inc <JD.O> is expanding operations in Southeast Asia.

On Friday JD.com Chief Executive Richard Liu told Reuters that the firm plans to launch services in Thailand by the end of the year, building on existing activities in Indonesia. - Reuters

Read more at http://www.thestar.com.my/business/business-news/2017/06/13/alibaba-launches-new-sales-channels-in-malaysia-singapore/#L6H29eeqSg4BaVlo.99

No comments:

Post a Comment

PLEASE LEAVE A COMMENT TO WIN A PRIZE EVERY FORTNIGHT

Related Posts Plugin for WordPress, Blogger...

TWITTER POSTS

Popular Posts - Last 7 days

Popular Posts - Last 30 days

Popular Posts - All Time

STORY SOURCE

The best stories & news from The Star Online, NST, Malaysian Digest, Asiaone, Beautifulnara, Rotikaya, Ohbulan, TheMalayMailOnline, Siakap Keli, Malaysian Insider, Free Malaysia Today and Yahoo are shared in this BLOG bestfbkl.blogspot.com

This Blog claims no credit for any images or stories on this site unless otherwise posted.

Post and Images on this blog are copyright to its respectful owners.

If there is a post or image appearing on this blog that belongs to you and do not wish for it to appear on this site, please email with a link to the said image, it will be promptly removed.

Google+ Followers