Alibaba Group sells its only online store in the US
The online shop 11 Main will be sold to the OpenSky online retailer. In exchange, the owner of the Alibaba Group store will receive a 37.6% stake in OpenSky. After the sale of 11 Main will operate under the same brand and on the same site.
The project was launched in June last year. According to Alibaba, it should have become a platform for small manufacturers and trading companies. This was a detuning from competitors such as Amazon and eBay . By April 2015, 2,000 companies were working at the site and 1.3 million orders were made, reports The Wall Street Journal.
Alibaba does not try to compete with Western retailers in their territory. The company seeks to establish a stable and profitable delivery of goods from foreign manufacturers in China.
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Megamind wrote that Alibaba Group and Ant Financial are investing $ 483 million in a new Chinese online service. Alibaba Taodiandian and Ant Financial's existing food delivery business will be the main components of the new Koubei company. The company will start with the delivery of food and drinks, and then connect retail, healthcare and vending machines to the business.
Alibaba Group was founded in 1999 by Jack Ma. The group includes the Taobao retail portal, which has more than 6 million online merchants, an online platform for major brands and retailers Tmall.com , as well as an online store AliExpress , which focuses on foreign customers and the Alipay payment system. Alibaba occupies 80% of the Chinese e-commerce market.
May 7 was published quarterly reporting company. After that, its shares went up by 7.5%. Alibaba sales increased 45%. Investors were pleased with the results of its work.
The project was launched in June last year. According to Alibaba, it should have become a platform for small manufacturers and trading companies. This was a detuning from competitors such as Amazon and eBay . By April 2015, 2,000 companies were working at the site and 1.3 million orders were made, reports The Wall Street Journal.
Alibaba does not try to compete with Western retailers in their territory. The company seeks to establish a stable and profitable delivery of goods from foreign manufacturers in China.
')
Megamind wrote that Alibaba Group and Ant Financial are investing $ 483 million in a new Chinese online service. Alibaba Taodiandian and Ant Financial's existing food delivery business will be the main components of the new Koubei company. The company will start with the delivery of food and drinks, and then connect retail, healthcare and vending machines to the business.
Alibaba Group was founded in 1999 by Jack Ma. The group includes the Taobao retail portal, which has more than 6 million online merchants, an online platform for major brands and retailers Tmall.com , as well as an online store AliExpress , which focuses on foreign customers and the Alipay payment system. Alibaba occupies 80% of the Chinese e-commerce market.
May 7 was published quarterly reporting company. After that, its shares went up by 7.5%. Alibaba sales increased 45%. Investors were pleased with the results of its work.
Source: https://habr.com/ru/post/291898/
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