Chinese ecommerce comes to US
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Chinese small business trading site Alibaba has made its first US acquistion - buying Vendio Services which provides eBay listing tools, ecommerce and online selling platforms for small firms.
Alibaba, and AliExpress.com, is a massive database of potential suppliers. Now Vendio's 80,000 small business customers will soon have easy access to Chinese suppliers.
The idea is that Vendio customers will be able to source supplies from AliExpress then use Vendio services to flog the stuff on eBay, other ecommerce sites or even their own sites.
David Wei, chief executive of Alibaba.com, said the deal would make it easier for its customers to do business around the world. He also said the company was still looking for other possible purchases to grow its customer base and add technology.
Wie said: "The connection of Vendio with Alibaba.com will completely integrate the e-commerce value chain between the B2B and B2C platforms, fully realizing the B2B2C model. I am confident that our complementary businesses will create enhanced opportunities for our customers.”
Financial terms were not released but Alibaba did say the deal was part of a $100m investment in AliExpress this year. ®
COMMENTS
no, they didn't make a mistake
that's the intent.
you don't know who yahoo is by now?
When I was in high school some 10+ years ago yahoo was the search engine, I don't even nkow if google was on the map. Yahoo had the world in it's grips and it blew it and continues to do so.
Also, alidon'tcare, never heard of this site until this reg post.
Why Alibaba?
Alibaba is associated for thieves and rogues (And in the arabic world is similar for chav). Did they really mean Aladdin?
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