Tie-up to lift rural areas
Print Edition
ALIBABA Group said yesterday it will invest 4.5 billion yuan (US$716 million) in Huitongda Network Co, a rural e-commerce subsidiary of Jiangsu Five Star Appliances Co, to drive sustainable development of rural areas.
The two parties will collaborate on supply chain, logistics and technology to upgrade e-commerce infrastructure in the rural areas.
Huitongda has been serving rural customers in financial services, supply chain management and sales support. The company has about 80,000 franchised stores in rural areas serving 200 million people.
Alibaba now hosts about one million rural e-commerce entrepreneurs and annual sales of agricultural products on its platform exceed 100 billion yuan.
Connecting rural products with Internet shoppers has been one of Alibaba's key strategies and last year, it created a 10 billion yuan poverty relief fund on education, rural health care, empowering women and environmental protection.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
