Retail in Asia

In Trends

Tmall teams up with nine multinational retailers

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)