Skip to content

Alibaba to Buy Stake in Chinese Retailer Suning

Global SEO

Alibaba to Buy Stake in Chinese Retailer Suning

Alibaba, China’s eCommerce giant, will be buying a 20% stake in electronics retailer Suning, according to a recent New York Times article. Alibaba will pay about $4.6 billion dollars for the company stake.

Suning is a Chinese retailer that sells consumer electronics and has been overpowered by online competition in recent years.

GPI_Alibaba Purchases Stake_home

Daniel Zhang, Alibaba’s chief executive, says they will use Suning’s retail outlets to sell groceries and other items that Chinese consumers can access immediately, which is outside Suning’s core offerings.

According to the article, “Alibaba said the move was another step toward securing its distribution network across China.”

Alibaba’s extreme growth has outpaced the China’s delivery infrastructure system. The move to purchase stake of Suning was a strategic move to have access to Suning’s sophisticated logistical operations that stretch across China.

Alibaba’s competitors, Tencent and Baidu, have also promised similar investments plans.

To read the entire New York Times article, see: Alibaba to Buy 20% Stake in Electronics Retailer Suning

Resources on Translation Service for eCommerce Companies

Globalization Partners International (GPI) has provided language translation services to eCommerce clients worldwide. In addition, GPI has developed a user-friendly Translation Services Portal that makes it extremely easy for non-technical users in the eCommerce arena to manage website, catalog and other eCommerce content translations projects.

To learn more, feel free to check out the below resources: