Mei.com and Tmall.com will Cooperate to Enhance the Development of
Supply Chain Services in Cross-Platform Retail Services
HANGZHOU, China -- (Business Wire)
Alibaba Group Holding Limited (NYSE:BABA) announced today it has
invested in Mei.com, China’s leading flash sales platform for luxury and
fashion products. This cooperation will enhance Mei.com’s supply chain
services of the sales of limited time discounted quality products from
well-known international luxury and fashion brands to consumers in China.
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The investment will enable Alibaba Group to integrate resources from its
B2C platform Tmall.com, China’s largest third-party platform for brands
and retailers, to form a specialized services team to support Mei.com’s
development and assist them in growing their user base, brand
cooperation base, logistic services and IT infrastructure services.
Mei.com’s close cooperation with a wide selection of luxury brands will
complement Tmall.com’s existing selection of affordable luxury goods for
Chinese consumers.
Daniel Zhang, CEO of Alibaba Group said, “Alibaba Group’s ecosystem and
its multi-level cross-platform retail services will be further enhanced
with our investment in Mei.com. We hope that Mei.com will exert its
advantages to create synergy with Tmall in providing more premium luxury
goods to consumers. At the same time, Alibaba will help Mei.com and
other brand partners enter our ecosystem to allow more efficiency in
helping them locate consumer groups, conduct brand marketing and
establish an online supply chain system.”
Thibault Villet, founder and CEO of Mei.com said, “We are very pleased
to receive this strategic investment from Alibaba Group. The two parties
complement each other and together with Tmall, we will bring premium and
trusted genuine brands to consumers. In the future, we see a significant
opportunity to provide enhanced shopping experiences for Chinese
customers in search of affordable fashion and luxury products.”
Mei.com operates an online flash sales business model with limited time
on discounted luxury goods for its online shoppers. Sales events are
launched every day at 9am to promote genuine goods that are offered at
significantly reduced prices. Similar to Tmall.com, Mei.com cooperates
directly with international brands or official designated brand
distributors and has successfully cooperated with more than 2,400 brands
across the world. Around 280 well-known international brands including
Armani, Zegna, Michael Kors, Trussardi, Roger Vivier, Longchamp, Tumi,
and Guerlain has partnered exclusively with Mei.com in China’s
e-commerce market.
About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The
company is the largest online and mobile commerce company in the world
in terms of gross merchandise volume. Founded in 1999, the company
provides the fundamental technology infrastructure and marketing reach
to help businesses leverage the power of the Internet to establish an
online presence and conduct commerce with hundreds of millions of
consumers and other businesses.
Alibaba Group’s major businesses include:
-
Taobao Marketplace (www.taobao.com),
China's largest online shopping destination
-
Tmall.com (www.tmall.com),
China’s largest third-party platform for brands and retailers
-
Juhuasuan (www.juhuasuan.com),
China’s most popular online group buying marketplace
-
Alitrip (www.alitrip.com),
a leading online travel booking platform
-
AliExpress (www.aliexpress.com),
a global online marketplace for consumers to buy directly from China
-
Alibaba.com (www.alibaba.com),
China’s largest global online wholesale platform for small businesses
-
1688.com (www.1688.com),
a leading online wholesale marketplace in China
-
Aliyun (www.aliyun.com),
a provider of cloud computing services to businesses and entrepreneurs
About Tmall.com
Launched in April 2008, Tmall.com (www.tmall.com)
is dedicated to providing a premium shopping experience for increasingly
sophisticated Chinese consumers in search of top-quality branded
merchandise. A large number of international and Chinese brands and
retailers have established storefronts on Tmall.com. According to
iResearch, Tmall.com was the largest brands and retail platform in China
in terms of gross merchandise volume in 2013. Tmall.com is a business
within Alibaba Group.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150707006648/en/
Contacts:
Alibaba Group Holding Limited
Cecilia Kwok, +852 9132 7709
ceciliakwok@hk.alibaba-inc.com
Rachel
Chan, +852 9400 0979
rachelchan@hk.alibaba-inc.com
Source: Alibaba Group Holding Limited
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