The world's largest online retailer, Alibaba Group Holding Ltd is now seeking to find partners for its processing and logistics units as it tries to entice more shoppers from overseas unit right before the conduct of its IPO.
Two of the company's most popular platforms, Taobao Marketplace and Tmail.com have expanded operations into Hong Long, Malaysia, Singapore and Taiwan. According to Daphne Lee, director of overseas business at Taobao.com, "We want to partner with local companies in payments systems and logistics to reach overseas Chinese market."
Taobao Marketplace would link individual shoppers with sellers from its 500 million registered users. Tmail.com on the other hand connects popular retail brands with consumers. The two marketplaces have provided profits for Alibaba at a rate of double the profits earned in the last quarter of 2012.
Alibaba dominates the Chinese online market, with benchmark dates of Nov. 11, 2012 as the date when both marketplaces sold a volume of US$3.1 billion.
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