{"id":5006,"date":"2015-08-17T00:00:00","date_gmt":"2015-08-17T00:00:00","guid":{"rendered":"https:\/\/www.globalizationpartners.com\/2015\/08\/17\/alibaba-to-buy-stake-in-chinese-retailer-suning\/"},"modified":"2021-01-06T11:20:50","modified_gmt":"2021-01-06T11:20:50","slug":"alibaba-to-buy-stake-in-chinese-retailer-suning","status":"publish","type":"post","link":"https:\/\/www.globalizationpartners.com\/2015\/08\/17\/alibaba-to-buy-stake-in-chinese-retailer-suning\/","title":{"rendered":"Alibaba to Buy Stake in Chinese Retailer Suning"},"content":{"rendered":"

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.<\/p>\n

Suning is a Chinese retailer that sells consumer electronics and has been overpowered by online competition in recent years.<\/p>\n

\"GPI_Alibaba<\/p>\n

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.<\/p>\n

According to the article, “Alibaba said the move was another step toward securing its distribution network across China.”<\/p>\n

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.<\/p>\n

Alibaba’s competitors, Tencent and Baidu, have also promised similar investments plans.<\/p>\n

To read the entire New York Times article, see: Alibaba to Buy 20% Stake in Electronics Retailer Suning<\/a><\/p>\n

\n

Resources on Translation Service for eCommerce Companies<\/h4>\n<\/div>\n

Globalization Partners International\u00ae has provided language\u00a0translation services<\/a> to eCommerce clients worldwide. In addition, GPI has developed a user-friendly\u00a0Translation Services Portal<\/a> that makes it extremely easy for non-technical users in the eCommerce arena to manage website, catalog and other eCommerce content translations projects.<\/p>\n

To learn more, feel free to check out the below resources:<\/p>\n","protected":false},"excerpt":{"rendered":"

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. Daniel Zhang, Alibaba’s […]<\/p>\n","protected":false},"author":7,"featured_media":5007,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[169,1057,186],"_links":{"self":[{"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/posts\/5006"}],"collection":[{"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/comments?post=5006"}],"version-history":[{"count":3,"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/posts\/5006\/revisions"}],"predecessor-version":[{"id":29535,"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/posts\/5006\/revisions\/29535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/media\/5007"}],"wp:attachment":[{"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/media?parent=5006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/categories?post=5006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/tags?post=5006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}