Home / Tech News & Announcements old / Alibaba agrees to handle payments and shipping to China for US stores Saks, Macy’s, and others (Reuters)

Alibaba agrees to handle payments and shipping to China for US stores Saks, Macy’s, and others (Reuters)

By Edwin Chan , Paul Carsten and John Ruwitch SAN FRANCISCO/BEIJING/SHANGHAI Fri Jan 16, 2015 3:31am EST The logo of Alibaba Group is seen inside the company’s headquarters in Hangzhou, Zhejiang province early November 11, 2014. Credit: Reuters/Aly Song SAN FRANCISCO/BEIJING/SHANGHAI (Reuters) – China’s Alibaba Group Holding Ltd ( BABA.N ) plans a major move to win U.S. business this year, by offering American retailers new ways to sell to China’s vast and growing middle class. Anchored by Alipay, the dominant Chinese electronic payments system that works closely with Alibaba and is controlled by its executives, the world’s largest Internet retailer is using the calling card of China’s consumers to attract U.S. partners, two sources close to the company told Reuters. Long seen as the most potent threat to Amazon.com Inc ( AMZN.O ) with $300 billion in global sales, the moves add up to a conservative approach to expanding in the United States, contrary to industry speculation that the company may be plotting a direct assault on U.S. soil. That considered strategy, outlined to Reuters for the first time by the sources and executives who work directly with the Chinese company, is intended to heighten awareness in the United States of what Alibaba does, gain goodwill in an important Western market, and lay the groundwork for a longer-term play. At the heart of its push are Alibaba’s and Alipay’s trial deals to handle Chinese sales, payment and shipping for some of the biggest names in U.S. retail from Neiman Marcus Group NMRCUS.UL to Saks Inc. Both confirmed the agreement but would not talk about how the pilots are faring. The Chinese companies will also work with U.S. startup Shoprunner, an online mall for U.S.

See the original post:
Alibaba agrees to handle payments and shipping to China for US stores Saks, Macy’s, and others (Reuters)

About kanmg

Check Also

Mario Armstrong Holiday Gifts - OtterBox

Mario Armstrong Holiday Gifts – OtterBox

**Sponsored Content** Digital Lifestyle Expert, Mario Armstrong, partnered with OtterBox to share the perfect gift …

Leave a Reply

Your email address will not be published. Required fields are marked *