Japanese cosmetics and other goods will soon be sold on Alibaba as the Chinese e-commerce giant signed a collaboration agreement with Yahoo Japan.
Under the deal, Alibaba will invite about 1,000 registered shops and brands to sell on its platform, Tmall, for Chinese consumers.
The collaboration was made as Japanese products have become extremely popular in China, said Alibaba’s CEO Zhang Yong.
A report published by a Chinese-language paper said Alibaba will cut its registration fee for Japanese shops and brands by 20% as part of the collaboration agreement.
The collaboration is expected to generate profits of JPY50 trillion (USD403 billion). – BusinessNewsAsia.com