Date
20 October 2017

New Huadu, Alibaba join hands on B2B projects, Caijing says

New Huadu Supercenter Co. Ltd. (002264.CN) has entered into cooperation agreements with Alibaba Group on several business-to-business commercial projects, including establishing a presence in the Western Taiwan Straits Economic Zone, news website Caijing.com.cn reported Monday. Alibaba will be responsible for the construction of online platforms and related services, while New Huadu will take care of all the offline business operations, the report said. The two companies also plan to collaborate on a cross-border electronic commerce platform for imported food, and may establish the business in the Shanghai Free Trade Zone, the report said.

– Contact HKEJ at [email protected]

EL/AC/CG

 

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