07 Jun '11, 3pm

Alibaba.com to help Japan firms crack China market

TOKYO: China's e-commerce giant Alibaba has launched a service to help Japanese manufacturers crack into the fast-growing Chinese market, the group's Japanese unit said on Tuesday. Tokyo-based Alibaba.com Japan Co. said the new service, which uses China's largest retail website, Taobao, can help Japanese consumer goods makers cut through red tape and save time and money. "High-quality Japanese products are popular on the Taobao site, so we have been receiving requests from users to directly buy the products from Japanese firms," Taobao CEO Jonathan Lu said in a statement. Alibaba.com Japan president Makoto Koyama told a news conference: "It is indispensable for Japanese firms to capitalise on brisk demand in China and other emerging economies in order to bring recovery to the Japanese economy." "It is clear to anyone's eyes that Chinese and other emerging economies are gro...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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