Royal Mail joins hands with Alibaba
Print Edition
BRITAIN’S Royal Mail is joining Alibaba Group’s Tmall Global online marketplace, hoping to link small British companies with Chinese consumers and boost trade for its overseas parcels business.
Alibaba’s Tmall Global connects 302 million online Chinese consumers with virtual store fronts and payment portals, Royal Mail said.
It said its Tmall online shop front, which will launch later this month, would provide consumers with access to small- and medium-sized British retailers and exporters who want to do business in China, but do not have the means to do so alone.
Royal Mail will handle the necessary documentation for the firms, as well as things such as marketing, promotions and customer services.
In return, Royal Mail will receive commission on the sale of products and revenue for shipping them through its Parcelforce express unit.
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