Top
Macy’s will test selling online in China on Alibaba’s Tmall.com

Macy’s will test selling online in China on Alibaba’s Tmall.com

August 13, 2015

Via: itCurated
Category:

Buoyed by interest in its products from Chinese customers who shop while visiting the United States, Macy’s Inc. will expand its e-commerce presence in China.

The retail chain, No. 7 in the Internet Retailer 2015 Top 500 Guide, plans to open an e-commerce pilot in the fall on Alibaba Group Holding Ltd.’s web shopping portal Tmall.com through Macy’s China Limited. Macy’s will own 65% of the Hong Kong-based venture, with Fung Retailing Limited owning the remaining 35%. Macy’s is investing $16.3 million in the program. Fung Retailing owns and operates stores throughout China and the Asia Pacific region.

Read More