to help Japan firms crack China market

Jun 07, 2011
A pedestrian walks past advertising in 2007. China's e-commerce giant Alibaba has launched a service to help Japanese manufacturers crack into the fast-growing Chinese market, the group's Japanese unit said Tuesday.

China's e-commerce giant Alibaba has launched a service to help Japanese manufacturers crack into the fast-growing Chinese market, the group's Japanese unit said Tuesday.

Tokyo-based Japan Co. said the new service, which uses China's largest retail website, Taobao, can help Japanese consumer goods makers cut through red tape and save time and money.

"High-quality Japanese products are popular on the Taobao site, so we have been receiving requests from users to directly buy the products from Japanese firms," Taobao CEO Jonathan Lu said in a statement. Japan president Makoto Koyama told a news conference: "It is indispensable for Japanese firms to capitalise on brisk demand in China and other emerging economies in order to bring recovery to the Japanese economy."

"It is clear to anyone's eyes that Chinese and other emerging economies are growing while the is stalling," Koyama said, referring to ageing Japan's two decades of sluggish growth.

"Every is looking to explore demand in , but Japanese firms are still lagging behind."

Alibaba said it will take charge of the complicated procedures for obtaining trade permission from Chinese authorities and cut by two-thirds the two-year waiting period Japanese firms must presently wait.

Alibaba said it will also offer warehouses and handle website management and customer support to meet the specific needs of .

A Japanese medicated shampoo maker is the first partner firm scheduled to start sales in January 2012, the company said at the launch of the service.

The Chinese e-commerce market has rapidly grown to 6.6 trillion yen ($82 billion) in 2010, said Alibaba.

Registered users to , owned by the Alibaba Group, stood at 370 million as of January 2011, with daily transactions at 14 billion yen.

Explore further: Smartphone sales lifted by emerging markets

add to favorites email to friend print save as pdf

Related Stories

Chinese retail site, Yahoo! Japan unveil deal

May 10, 2010

China's largest retail website Taobao and Yahoo! Japan on Monday announced a new partnership aimed at increasing online shopping options for consumers in the world's number two and three economies.

China, Japan launch Asian eBay rival

Jun 01, 2010

China's largest retail website Taobao and Yahoo! Japan launched a joint service Tuesday in a deal expected to create the world's biggest online marketplace by harnessing Asia's surging ranks of e-consumers.

China grants Alibaba payment system license

May 26, 2011

(AP) -- An online payment system founded by Chinese e-commerce giant Alibaba Group was granted a government license, the company said Thursday, following an ownership change that rattled investors in partner Yahoo Inc.

Unit of China's Alibaba to launch search engine

Oct 12, 2010

A unit of Chinese e-commerce giant Alibaba Group said Tuesday it had launched a search engine, in an apparent effort to capitalise on Google's shrinking market share in China.

China's Alibaba teams up with US PayPal

Apr 27, 2010

Chinese e-commerce firm Alibaba said Tuesday its new transaction platform would accept payments from users of US online payment service PayPal, amid efforts to expand overseas.

Recommended for you

Lenovo wraps up purchase of Motorola phone unit

4 hours ago

Lenovo Group announced the completion of its acquisition of Motorola Mobility from Google Inc. on Thursday in a move aimed at making the Chinese computer maker a global smartphone brand.

Baidu profit up 27 percent as mobile grows

7 hours ago

Chinese search engine Baidu Inc. said Thursday its quarterly profit rose 27 percent as user traffic for its mobile operation surpassed passed its desktop computer-based search business.

Samsung vows changes after mobile profit plunges

8 hours ago

Samsung Electronics Co. admitted erring in its smartphone strategy and vowed Thursday to overhaul its handset lineup after profit from those devices tumbled last quarter to the lowest in more than three years.

WhatsApp founders own nearly $9B in Facebook stock

8 hours ago

WhatsApp founders Jan Koum and Brian Acton received 116 million shares of Facebook stock currently worth nearly $9 billion when they sold their unprofitable messaging service to the social networking leader earlier this month.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.