China’s Taobao and Yahoo Japan said on Monday they will co-operate and launch two online platforms to cross-sell into each others’ markets, a move that will boost the reach of Asia’s two e-commerce giants.
Taobao, owned by China’s largest e-commerce company Alibaba Group, and Yahoo Japan plan to offer 8 million and 50 million product listings respectively to their markets when the platforms go live on 1 June.
The co-operation is the first indication of Taobao’s ambitions to expand overseas.
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(Source: scmp.com)