Amazon opens imported goods store on AlibabaMarch 6, 2015 - 16:40 AMT PanARMENIAN.Net - To reach more Chinese consumers, Amazon.com has opened an imported goods store on an Alibaba Group site. The new store will officially launch next month on Alibaba’s Tmall.com site, and will function as a pilot project, Amazon said Friday, March 6, according to PCWorld. Amazon already has its own e-commerce site geared for the country, but its share of China’s online retail market is only 0.8 percent, according to Beijing-based research firm Analysys International. Alibaba, in contrast, controls three quarters of the market through its Tmall and Taobao Marketplace sites, and has 265 million monthly active users. The Chinese market is fiercely competitive, as Amazon is not only competing against Alibaba, but also scores of other smaller e-commerce providers routinely offering promotional deals on products. To try and standout, Amazon has been focusing on bringing more imported goods to the country. Last August, it struck a deal to establish a “cross border e-commerce platform” in a Shanghai free trade zone, which Amazon said would bring millions of product selections to Chinese consumers. By tapping Alibaba’s Tmall site, Amazon said it wanted to provide Chinese customers with additional access to high-quality international goods. Amazon’s store on Tmall, which is already online, offers a variety of products, including wine from the U.S., Lego toys and woman’s shoes. About a quarter of the brands offered will be Amazon exclusive, and all products sold will be handled and delivered by the company’s China business. China itself is known for manufacturing many of the world’s products. But increasingly, local consumers are wary of buying certain goods made in the country, such as baby formula, over food safety and quality concerns. Alibaba said it welcomed Amazon to its ecosystem. The company’s Tmall.com is dedicated to selling products from established brands. Samsung, Apple and even Costco Wholesale have opened stores on the site. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |