Home / Knowledge / News / Apparel/Garments / Alibaba & Softbank partner to develop clothing online market

Alibaba & Softbank partner to develop clothing online market

21
Jul '08
Alibaba, a widely reputed and well known Chinese business-to-business (B2B) company operating through online media, has formed a joint venture with Softbank of Japan to develop e-commerce market in the country.

A branch of Alibaba was already setup in Japan last November but it was only this year that a joint venture with Sofbank could materialize.

While Alibaba would make an initial investment of US $20 million and hold 35 percent stake in the joint-venture, Softbank would claim a 65 percent share.

Garment enterprises in the country are looking forward to this joint venture as a unique advantage in developing e-commerce. Most of them believe that the entry of Alibaba.com into Japanese market would bring about major changes in the existing apparel-e-commerce business.

The new company will take over operations of the existing Japanese-language website of Alibaba.com linking all the small and medium enterprises (SMEs) in Japan with buyers and suppliers around the world.

As such, Alibaba.com Japan will aim at catering to Japanese business enterprises with a complete database of suppliers available online from China and around the world. Besides, this joint venture will also help Alibaba.com, Japan to localize its contents and upgrade its services to improve the user experience for Japanese SMEs.

Expert analysis show that Japan has more than 4 million SMEs which together account for 25 percent of the country's export value and about 63 percent of its import value. Moreover, since 2006, China has replaced US to become the largest trading partner of Japan and with this recent endeavor taken by Alibaba and Softbank, not only will bilateral trade get enhanced further, it will also open up new trade channels worldwide.

Fibre2fashion News Desk - China


Must ReadView All

Pic: IFC

Apparel/Garments | On 15th Apr 2021

IFC to support Haiti in revamping garment sector

IFC, a member of the World Bank Group, is supporting the garment...

Pic: Sorbis / Shutterstock.com

Textiles | On 15th Apr 2021

US textiles & apparel imports down 6.98% in Jan-Feb 2021

The import of textiles and apparel by the United States decreased by...

Pic: Shutterstock

E-commerce | On 15th Apr 2021

Vietnam companies get Amazon boost to turn into brands

The Vietnam Textile & Apparel Association (VITAS) and Amazon have...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Textile Industry, Head honchos

Textile Industry
Head honchos

Verticals like fast fashion won’t completely adopt personalisation on...

Textile Industry, Head honchos

Textile Industry
Head honchos

Fashion tech has to be lean and very productive

Meghavi Suthar,

Meghavi Suthar

Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search