Alibaba injects funds in B2C firm
By Ding Yining |
January 27, 2010, Wednesday
|
Print Edition
Print Edition
ALIBABA Group has completed a strategic investment in a smaller Shanghai-based B2C service provider to expand its e-commerce business chain.
Jumbomart.cn was set up in early 2007 and is now providing outsourcing services to more than 20 companies for their online business on its own Website and on Taobao.com.
"We see a continual robust growth in e-commerce as more and more traditional companies are turning to Websites to market their products," said Zhang Wei, head of strategic investment at Alibaba Group.
The group, parent of Hong Kong-listed Alibaba Inc which targets the B2B sector, is seeking to expand in the B2C market. No details of the investment was released.
"The investment by Alibaba will not only provide capital, but will also help us become more competitive as it has experience," said Qiu Wenbin, president of Jumbomart.
Jumbomart.cn was set up in early 2007 and is now providing outsourcing services to more than 20 companies for their online business on its own Website and on Taobao.com.
"We see a continual robust growth in e-commerce as more and more traditional companies are turning to Websites to market their products," said Zhang Wei, head of strategic investment at Alibaba Group.
The group, parent of Hong Kong-listed Alibaba Inc which targets the B2B sector, is seeking to expand in the B2C market. No details of the investment was released.
"The investment by Alibaba will not only provide capital, but will also help us become more competitive as it has experience," said Qiu Wenbin, president of Jumbomart.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
