SOFTBANK and Alibaba.com create joint venture in Japan

Published Date
20 - May - 2008
| Last Updated
20 - May - 2008
 
SOFTBANK and Alibaba.com create joint venture in Japan

Alibaba.com and SOFTBANK announced formation of a joint venture company called Alibaba.com Japan which connects small and medium enterprises in Japan with buyers and suppliers around the world

Alibaba.com and SOFTBANK announced formation of a joint venture company called Alibaba.com Japan. The new company will take over the operation of Alibaba.com’s existing Japanese-language website (www.alibaba.co.jp) which connects small and medium enterprises (SMEs) in Japan with buyers and suppliers around the world.

Alibaba.com is the world’s leading business-to-business (B2B) e-commerce company. Founded in 1999 in Hangzhou, China, it has built a global community of close to 30 million members from over 240 countries and regions. Its efficient, trusted platform allows buyers and sellers of everything from shoes to electronics to find trading partners faster than ever before.

“SOFTBANK has been a strategic investor in the Alibaba Group for many years, and this agreement is a natural extension of our strong relationship,” said Jack Ma, libaba.com Chairman. “Alibaba.com Japan will provide Japanese businesses with the most comprehensive database of suppliers available online today from China and around the world.

It will combine the strength of Alibaba.com’s global community with SOFTBANK’s established brand, marketing power and sales and customer service network in Japan.”

“It will be a great pleasure to launch this joint venture business with Alibaba.com, the largest B2B e-commerce company in China,” said Masayoshi Son, SOFTBANK CORP. CEO. “We expect that Alibaba.com Japan will create new business opportunities and stimulate big changes in the Japanese market.”

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