Alibaba and Softbank Online Trading Platform

The combined C2C online trading platform will have 250 million registered users and 450 million products. It will help Japanese vendors sell their products to Chinese consumers, and Chinese firms will be able to serve Japanese consumers.

“It will be a very important opportunity for small and medium businesses in the two countries to expand distribution channels and online trading will continue to be a very strong contributor to the Asian economy,” said Masayoshi Son, president and chairman of the board of Softbank Corp.

Vendors who aim to sell on the new platform will go through a screening process and will be subject to Customs regulations in the two countries. Buyers may pay extra fees for logistics if they purchase goods from overseas vendors. The companies will release details in early June.

Taobao.com and Yahoo Japan will each launch a new sub-section next month to provide Chinese users with Japanese products and Yahoo Japan’s users will get access to Chinese products on Taobao.com.

Softbank is the controlling shareholder of Yahoo Japan and the second-biggest shareholder of Alibaba Group.

Source : Konaxis

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