Get Our Weekly Email Newsletter
Conference on Energy Strategy and Technology @ Beijing - 2010/10/23
11th China Solar PV Conference and Exhibition @ Nanjing - 2010/11/18
The 9th International Conference on Web-based Learning @ Shanghai - 2010/12/08
2010 IEEE International Conference on Information Theory and Information Security @ Beijing - 2010/12/17
China's ITAT Group Opens Online Retail Store
December 19, 2008 |
Print
| 
Email
| 
Comments | Category: Internet
ITAT Group, one of China's largest apparel chains, has opened its online retail store 51itat.com.
ITAT's cooperative partners attended the opening ceremony and many IT companies, including Google, Baidu, Sina, NetEase, Sohu, and Alibaba sent congratulatory messages. The website is managed by the Shenzhen-based Morganip.com
Liu Zelong, chairman of Morganip.com, said at the opening ceremony that jointly invested by the Chinese apparel chain ITAT Group, the investment organization Morgan Stanley, the private equity firm Blue Ridge China and the alternative investment firm Citadel, the Morganip.com of ITAT Group is a leading e-commerce company in China. With the great support of the Shenzhen government, Morganip.com was successfully established and located itself in Shenzhen Nanshan High-tech Development Zone.
The establishment of Morganip.com is a major shift for ITAT Group in industry structure as well as a historical milestone. Integrating all current resources of ITAT Group, 51itat.com is committed to the new and overall development of China's e-commerce industry. Depending on its thousands of suppliers nationwide, more than 700 entity chain stores, and about 3,000 member consumers, ITAT Group combines its entity stores with the new virtual online store and provides thorough e-commerce services to its suppliers, manufacturers, retailers, and consumers.
Over a half-month trial operation, the 51itat.com online retail store has gained net profits of over CNY100,000 and the online store is currently undergoing a nationwide investment attraction.
Related Links:
Recommend this page: 
Loading ...Leave A Comment:
-
Business
-
Commentary
-
Computing
- China's Inspur To Launch Cloud Computing Operating System This Year
- China's Lenovo Gained Net Profit Of USD55 Million In Q1 2010
- Tsinghua Tongfang Unveils One-year Replacement Policy For Notebooks
- Acer To Take Charge Of Founder's PC Businesses
- Beijing Computing Center, Dawning Join Hands For Cloud Computing Lab
-
Gadgets & Electronics
- Taiwanese Networking Equipment Provider To Establish Mobile Phone Base In Zhengzhou
- Shanda Launches Reservation System For Chinese E-Reader
- China's Lenovo Gained Net Profit Of USD55 Million In Q1 2010
- Tsinghua Tongfang Unveils One-year Replacement Policy For Notebooks
- China's Coolpad Gained Net Profit Of HKD272 Million In H1 2010
-
Internet
-
Law & Policy
- China Provides Regulation Base For Radio Control
- China's Mofcom To Regulate Internet Sales Of Foreign Enterprises
- China's Ministry Of Culture Issues Four Internet Cafe Chain Licenses
- Mobile Operators Respond To Shocked Hong Kong Mobile Phone Users
- Tsinghua Tongfang Unveils One-year Replacement Policy For Notebooks
Copyright 2010 ChinaTechNews.com. All Rights Reserved.
If you would like to syndicate these articles and posts for personal non-business use where you will not gain in any monetary way, please utilize the RSS feed for this online publication, which provides a brief summary of each post with a link back to the original article. Posting of any other part of the articles or posts on this website, in whole or in part, is expressly prohibited without express written permission from ChinaTechNews.com. No part of this website may be copied, transferred, posted, or published without the express written permission of ChinaTechNews.com or its registered agents. Content on this website, including articles, opinions, and data are protected under international copyright laws. Failure to comply with these rules will result in legal action. 