InfoAnda - China's Taobao and Japan unveil partnership

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World China's Taobao and Yahoo! Japan unveil partnership AFP - Tuesday, May 11 Send IM Story Print China's Taobao and Yahoo! Japan unveil partnership SHANGHAI (AFP) - – Taobao, China's largest retail website, and Yahoo! Japan on Monday announced new online platforms that will allow merchants on their respective sites to sell products in both markets. Under the partnership, Yahoo! Japan merchants will list around eight million items in a special Chinese-language TaoJapan section, giving them access to more than 190 million Taobao users, the companies said. Online stores at Taobao will be able to offer about 50 million products from China to Japanese consumers at Yahoo! Japan's China Mall, they said in a statement. The new services, available from June 1, will allow Internet users in both countries to buy and sell using systems and procedures that are familiar to them in their native languages, it said. "We expect that the Asian economy will continue to grow further, led mainly by China and Japan, and that the Internet business and e-commerce business will be the core of that growth," said Masayoshi Son, chief executive of SoftBank, Yahoo! Japan's biggest shareholder with a 41 percent stake. Taobao is a unit of China's largest e-commerce company Alibaba Group, in which both SoftBank and US Internet companies Yahoo! are shareholders. Alibaba Group's Hong Kong-listed subsidiary Alibaba.com already has a joint venture with SoftBank called Alibaba.com Japan. Online shopping in China, home to the world's largest online population, has boomed in recent years, as the nation's more than 400 million Internet users become increasingly web-savvy. Transaction volume on Taobao exceeded 200 billion yuan (29 billion dollars) in 2009. Recommend Send IM Story Print Related Articles US-BUSINESS Summary Reuters - 28 minutes ago McDonald's April same-store sales up Reuters - 28 minutes ago Nakheel to repay May bond on time - bondholder Reuters - 31 minutes ago "Shock and awe" euro rescue lifts global markets Reuters - 32 minutes ago BP says oil spill costs $350 million so far, shares hit Reuters - 41 minutes ago News Search Top Stories Jazz singer Lena Horne dies aged 92 UN fears 'irreversible' damage to natural environment World stocks, euro soar on major EU bailout BP, US govt search for new fix to oil spill EU's trillion dollar package sends markets soaring More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended BP dealt setback in oil containment bid EU agrees bumper eurozone aid deal: diplomat EU in monster eurozone aid deal, euro surges Britain cannot support EU stability fund: Darling Euro up as Europe races to fix monster bailout More Most Viewed » Aliens may exist but contact would hurt: Hawking Lack of sleep linked to early death: study Freddie Mac asks for fresh 10.6 billion dollar bailout French driving veil row escalates Airlines want compensation as Europe's skies reopen More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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