Alibaba.com Sets Up Zone for Zhuji, Zhejiang Province - Zhuji Local Enterprise E-Commerce Zone

Alibaba.com, a b2b marketplace in agreement with the municipal gorvernment of Zhejiang province China in Aug 2009, has set up a special e-commerce. According to the news, the online zone "Zhuji Local Enterprise E-Commerce Zone" for industries in Zhuji will target more than 50,000 registered trade members, over 3,000 premium members and more than 10,000 SME's in next 3 years.

The Zhuji government will provide a three-year dedicated fund of RMB 5 mln per year to help SMEs develop e-commerce services. In addition, the municipal government will also partner with Alibaba to increase the proportion of loans granted to Zhuji SMEs by overseas banks.