AAA Alibaba backs others

Alibaba backs others

China-based e-commerce firm Alibaba Group will allow other websites to sell their goods on its Juhuasuan.com platform.

Potential partners include Meituan.com, Manzuo.com and Gaopeng.com and Alibaba said it would work with venture capital funds to provide RMB1.2bn ($200m) in loans to small vendors that sell their products through the platform.

Leave a comment

Your email address will not be published.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