Alibaba Joined Hands with South Korea KOTRA to Create a New Trade Channel

Shenzhen, China (PressExposure) January 12, 2010 -- On January 11th, China's largest providers of e-commerce Alibaba (China) network limited company signed a strategic cooperation agreement with South Korea KOTRA in Hangzhou formally, which specialize in import and export trade market of China-Korea small and medium-sized enterprises, and establish an easier, smooth and safer electronic business cooperation system. Alibaba will also further develop overseas markets for domestic SMES and build a new channel for purchasing Korea goods.

It is understood that, established in 1962, KOTRA is a non-profitability institution helping Korean small and medium-sized enterprises with exports. Currently, KOTRA has 105 overseas South Korean trade hall and 8 local trade hall; moreover, there are also 10 in China, located in Beijing and Shanghai, etc.

According to the cooperation agreement, Alibaba will open South Korea channel in China website platform, on the basis of business necessity to promote Korean products in various channels through online and offline. Nevertheless, KOTRA will help Alibaba bring in excellent Korean suppliers suitable for petty online wholesale transaction.

Alibaba CEO David Wei said: the model like aligning with South Korea KOTRA, Alibaba will extend to more and more overseas countries in the future, which make domestic SMES purchase and wholesale worldwide goods conveniently from Alibaba platform.

According to data from Chinese Ministry of Commerce display, China total imports in 2009 is nearly 800 billion; moreover, Japan, South Korea and America have become China's major consumer goods importing countries; furthermore, the major purchasing group are just domestic small and medium-sized enterprises.

As a peer of Alibaba, always pays attention to the leading example. is optimistic about the new trade channel. considers it is really a good way that can not only help domestic SMES develop oversea markets, but also reduce costs and avoid detours.

Press Release Submitted On: January 12, 2010 at 2:27 am
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