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China's largest small commodity wholesale market in Yiwu, eastern Zhejiang Province, joined hands on Thursday with Chinese e-commerce powerhouse Alibaba to promote its online business.
Zhejiang China Commodities City Group Co., Ltd. and Alibaba Group inked a deal Thursday afternoon in Hangzhou, capital of Zhejiang Province, to improve cooperation of the two sides in the field of e-commerce.
"The deal will take the full advantages of each side in commodity outsourcing, logistics as well as in marketing and human resources," said Jin Yonghui, director of the Department of Commerce of Zhejiang Province.
According to the agreement, Alibaba will provide dealers at Yiwu marketplace with training programs on e-commerce. In the meantime, dealers at Yiwu marketplace will be able to open online businesses at Tmall.com, a popular B2C online marketplace for high-end goods.
Industry observers say the cooperation of the two sides signals the deepening and further merger of online and offline business models.
Source: China Commodity City
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