Germany's Metro opens Chinese web shop using Alibaba platform
Reuters
Published Sep 08, 2015 04:34AM ET
Germany's Metro opens Chinese web shop using Alibaba platform
FRANKFURT (Reuters) - German retailer Metro AG will use Alibaba's Tmall Global platform to offer a range of German products online to Chinese consumers, branching out from operating wholesale stores in China into e-commerce.
Metro, which runs more than 80 wholesale markets in China under the Metro Cash & Carry brand, will sell private labels as well as supplier brands from Germany on the Tmall platform, the companies said in a joint statement on Tuesday.
In a first phase, over 100 products including dairy, canned foods, coffee, chocolate, cosmetics goods will be on sale but the offering will be widened.
The companies will explore further ways to collaborate in sourcing, supply chain and data analysis, they said.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.