Alibaba’s retail site Tmall said it has teamed up with nine multinational retailers to help bring imported goods to Chinese consumers and to offer a wider range of merchandise as shoppers are seeking beyond the border for high quality products.
Retailers including America’s Costco, New Zealand’s Countdown, Korea’s Lottemart have reach a partnership with Tmall to integrate each other’s logistics and delivery system as overseas retailers are eager to tap the booming Chinese market, according to a joint statement on Monday.
These overseas retailers’ pricing at Tmall will also be consistent with their global outlets thanks to the e-commerce giant’s vast consumer base and strong inventory management capability.
(Source: Shanghai Daily)