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: Shutterstock

Apparel/Garments | On 20th Feb 2020

Bangla garment accessories sector may lose Tk 1500 cr

Bangladesh's garments accessories and packaging sector may incur a...

Pic: Shutterstock

Apparel/Garments | On 20th Feb 2020

PRC firm builds protective suit production line in 8 days

Korla Bingjuan Garment Co., a garment factory in northwest China's...

Pic: paul prescott / Shutterstock.com

Textiles | On 20th Feb 2020

Sri Lanka's textile exports earn $5.596 bn in 2019

Sri Lanka’s earnings from textiles and garments exports increased by...

Interviews View All

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Abhishek Ganguly, Puma India

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Top executives, Textile industry

Top executives
Textile industry

RoSCTL is need of the hour

Abhishek Ralli,

Abhishek Ralli

Guide group is a government recognised manufacturing house engaged in the...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

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


February 2020

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


Advanced Search