Alibaba.com Makes Strategic Investment in Koubei.com
Alibaba.com, a Chinese e-commerce company, has announced that it has entered into an agreement for a strategic investment in Koubei.com, a Chinese classified listing and community website. The companies haven’t disclosed the investment terms.
Alibaba.com, a Chinese e-commerce company, has announced that it has entered into an agreement for a strategic investment in Koubei.com, a Chinese classified listing and community website. The companies haven’t disclosed the investment terms.
Tian Jian, Vice-President of Alibaba’s Investment and Acquisition Group, said: “Community-based classified listings are an essential part of e-commerce,
Besides buying and selling products online, people want a marketplace to trade services and share information about service providers. With our investment in Koubei, we’re partnering with the team that pioneered the online classified marketplace in China and opening up another channel to grow our existing e-commerce community of more than 40 million consumers and businesses in China”. [source]
About Koubei.com
Koubei.com offers local classifieds and discussion forums for people to find and share information on apartment rentals, restaurants, entertainment, employment, goods and services, and just about anything else. Koubei.com has sites tailored to multiple cities in China.
About Alibaba.com
Alibaba.com is a Chinese e-commerce company. Alibaba.com operates several e-commerce platforms that connect individuals and businesses from China, and around the world.
Post Related Link
Alibaba.com Press Release
Comments are closed.
