Tuesday, 8 September 2015

China's Alibaba In E-Commerce Tie-Up : 08 Sept 2015

German retail giant Metro said today it is teaming up with Chinese online retailer Alibaba to tap the potential of the booming e-commerce market in China. Metro, which operates more than 80 Cash and Carry wholesale stores in China "is now expanding its channels" by opening an online shop in China offering Metro's own brands, as well as supplier brands from Germany, it said in a statement. "Opening the flagship store again shows our clear confidence in the Chinese market. This platform enables us to deliver more quality imported goods and German brands to the Chinese customers," he said. Metro and Alibaba said they would also explore possible cooperation in other areas, such as supply chain and market data.

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