Alibaba Enters Strategic Cooperation With China Post
November 27, 2006 |
Print
|
Email
| Category: Internet
China Post has signed a product agreement and a strategic cooperation framework agreement on e-commerce with B2B service operator Alibaba.
The parties will work on the three most important sectors of e-commerce: logistics, fund flow and information flow.
On logistics, they will launch a special logistics tool called "eYoubao" for individual users, which, according to Lu Zhaoxi, vice president of Alibaba, can reduce the goods delivery fees by 50% compared with EMS.
Regarding fund flow, they will break up the limit that only bank card holders can conduct online payment and make it possible for China Post's Green Card holders and other users to complete payment via Alibaba's Alipay.
The process of information flow has also been made easier with users' goods information transmitted to the post office through Alipay and the latter fetching the goods directly according to the information received.
Jack Ma, CEO of Alibaba says that through this cooperation, their Alipay service can be extended to the rural areas of China. Lu estimates, optimistically, that Alibaba's Taobao.com will receive over 100,000 orders each day in a year after the cooperation.
Join our China Tech Forum to discuss many more topics!
Leave A Comment:
-
Business
-
Commentary
- Focusing On The Bigger Picture With China's Green Dam Security Software
- Chinese Mobile Phones Lacking IMEI Numbers Face Death In India
- What Is China's Internet Marketing Outlook For 2009?
- China's Baidu.com: Drugged And Screaming For Better Management
- Benchmarks For Corporate Computer Efficiency In China
-
Computing
- Green Computers Donated To Chinese Schools
- MIIT: Installation Of Green Dam Can Be Delayed For Unprepared Manufacturers
- China Plans To Pre-install Software For Preventing Viewing Of Pornographic Websites
- Hasee To Set Up R&D Center In Taiwan
- Into Africa: China Great Wall Computer Arranges JV In Algeria
-
Gadgets & Electronics
-
Internet
-
Law & Policy
- MIIT: Installation Of Green Dam Can Be Delayed For Unprepared Manufacturers
- Campaign Launched Against Chinese Internet "Cultural Irregularities"
- China Implements Stricter Management Of Virtual Currency
- "Sex" Will Be Taboo On Chinese Internet From July 1
- Sogou Sues Tencent Over Unfair Competition In China



































