InfoAnda - E-shopping site to open in China for Japan goods

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: E-shopping site to open in China for Japan goods AP - Saturday, December 27 TOKYO - A new Internet shopping mall is opening in China next month that will take payments in the widely used China UnionPay Co. cards for Japanese products, company officials said Friday. The electronic shopping site "Buy-J.com" will sell gadgets, clothing and cosmetics from about 100 Japanese companies, aiming 4 billion yen ($44 million) in sales in the first year, said Ryuichi Kobayashi, spokesman for Sumitomo Mitsui Card Co., a credit card company that tied up with China UnionPay. It would be the first of its kind that allows settlements with the Chinese cards, hoping to cash in on the growing interest in Japanese electronics goods, fashion and food among Chinese consumers, he said. Some 1.8 billion UnionPay cards _ which include both credit and debit cards _ have been issued in China, far more plentiful than credit cards like Visa. The number of Chinese who use the Internet is estimated at some 250 million. Among those considering opening shop at Buy-J.com are electronics retailer Yodobashi Camera Co., drugstore chain Matsumoto Kiyoshi Co., children's clothing maker Narumiya International Co. and mail-order company Cecile Co., Kobayashi said. Chinese will be able to buy the products through the Net and pay with their cards to have the products shipped to them, said Shota Ko of SBI VeriTrans Co., a Tokyo-based e-commerce company, which will run the site. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Architects create American-style suburbs overseasAP - Saturday, December 27 E-shopping site to open in China for Japan goodsAP - Saturday, December 27 China's Spreadtrum lowers Q4 revenue view; cuts jobsReuters - Saturday, December 27 China, Taiwan sign oil cooperation dealsAP - Saturday, December 27 Related Articles: Business Fujitsu says no deal with Western Digital-NikkeiReuters - 2 hours 16 minutes ago SNAPSHOT - Financial Crisis - 1840 GMTReuters - 2 hours 21 minutes ago GLOBAL MARKETS-US stocks mixed, Japan rises and oil reboundsReuters - 2 hours 21 minutes ago India's Reliance starts world's biggest refinery hubAFP - 2 hours 26 minutes ago Stocks mixed after GMAC lifeline, retail sales dipAP - 2 hours 33 minutes ago Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Actress Jennifer Aniston appears naked in GQ magazine US retail sales data deepens year-end gloom Australian 'mummy smuggler' arrested in Cairo Funeral of Guinea strongman as junta tightens grip Weather outside frightful for US, Canada travelers View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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