China's leading e-commerce company Alibaba (HKG:1688) will launch operations at its Japan unit in January, the official Xinhua news agency reported, citing sources.
According to the report, the unit will use Alibaba's customer resources and online-payment system to facilitate trade between Japan and China small and medium-sized enterprises.
Alibaba.com has a joint venture with Japan Internet firm Softbank Corp to operate the Alibaba Japanese-language website.
Softbank will contribute 20 mln usd to the venture and own 65 pct stake compared, compared with Alibaba.com's 35 pct.
Friday, November 14, 2008
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