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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: SKorea's SK opens online China shopping mall AFP - Monday, April 20 SEOUL (AFP) - - South Korea's SK Telecom said Monday it has opened an online shopping mall in China in hopes of becoming one of the country's leading Internet retail outlets within five years. ADVERTISEMENT The company, Korea's leading mobile carrier, said qianxun.com mainly targets richer consumers in their 20s and 30s and offers apparel and fashion items from Korea, the United States and Europe. In a statement it said it plans to expand the range of offerings to include cosmetics, travel products and cultural items. SK Telecom last December acquired PRMAX, the Chinese subsidiary of Korea Center, which supports, sets up and operates online shopping malls. It reorganised PRMAX's online shopping website to launch qianxun.com The company said China's e-commerce market is growing at an average annual rate of 75 percent, with total online sales of fashion products amounting to over five trillion won (3.75 billion dollars) in 2008. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy AUTOSHOW-BMW, Brilliance Auto to build second China plantReuters - 1 hour 7 minutes ago China sovereign wealth fund may invest in EuropeAFP - 1 hour 19 minutes ago China Telecom 1Q profit down 27.4 percentAP - 1 hour 23 minutes ago AUTOSHOW-China's BYD in talks to supply powertrain systemsReuters - Monday, April 20 Related Articles: Business Creston FY sales, earnings above mkt view; debt fallsReuters - 46 minutes ago Peter Hambro earnings miss consensus, drops dividendReuters - 46 minutes ago China's wind-power boom to outpace nuclear by 2020Reuters - 48 minutes ago Saudi Aramco, Sumitomo to study Rabigh expansionReuters - 51 minutes ago UPDATE 1-Hitachi says outlook tough, mulling state fundsReuters - 36 minutes ago Enlarge Photo SKorea's SK opens online China shopping mall Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Police nab Norwegian pair during high-speed sex 'Beginner's luck' may lay trail to Cleopatra tomb Mummies found in ancient Egypt burial chamber 'Dracula bandit' gets 20-yr jail sentence New-look auto sector could emerge from crisis View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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