Retail in Asia

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Shanghai to support construction of large B2B e-commerce platforms

Shanghai will support construction of large e-commerce platforms similar to in a bid to create a national e-business model and accelerate the city’s growth into a global trading centre.

Sha Hailin, chairman of the Shanghai Commerce Commission, said on Thursday the government will encourage the development of big online platforms for transactions. But unlike Taobao, which has become China’s most popular consumer shopping website, Shanghai’s strength is in business-to-business online platforms.

(Source: Shanghai Daily)