WORLD NEWS

China’s Alibaba plans US online shop

Published on: 12th June 2014

China’s e-commerce giant Alibaba is launching its first online marketplace in the US, 11Main.com, as it looks to expand its operations outside China.

AL11-750

The move comes ahead of Alibaba’s share sale in the US, widely expected to one of the biggest by a technology firm. Alibaba is China’s biggest online retailer, and the total value of goods sold on its platforms last year exceeded that on Amazon and eBay combined. The portal 11Main.com will initially be open to customers by invitation only.

“We want the shops to represent the diversity of Main Street. Some shops are high-end boutiques and some are more vintage,” said Mike Effle, president and general manager of 11 Main.

The site is being launched by Auctiva and Vendio, two of Alibaba’s subsidiary companies acquired a few years ago.

If you would like to receive our daily newsflash email, please enter your email address in the “sign-up” box at the top of the page; you can also follow us on Twitter and Facebook and request a print subscription here.

RECENT ARTICLES

Online, offline … it’s the Friday Blog!

Exclusive: The latest from Toymaster HQ

Scalextric unveils Harry Potter Ford Anglia 105E

John Adams releases Prime 3D Star Wars puzzles

Click Europe launches TikTok Shop and welcomes new presenter

Imagine8 reveals latest licensed accessories for Bluey and Peppa Pig

Mattel’s PJ Lewis honoured with promotion

John Adams reveals new Zhu Zhu Aquarium collection

Zuru launches Hug-A-Lumps comforting companions

Target Darts welcomes Jamie Tank and Paul Dearlove to spearhead new toy team