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Alibaba signs exclusive tie-ups with apparel brands
Published Fri, Aug 7, 2015 · 09:50 PM
San Francisco
ALIBABA Group Holding Ltd has signed exclusive partnerships with more than 20 apparel brands including Zara and Timberland, the Chinese e-commerce giant said on Thursday, the latest step to woo big international brands as it competes with rivals such as JD.com Inc.
Alibaba said its fast-growing online marketplace Tmall.com will become the only third-party online sales platform for the apparel brands in China. The Hangzhou, China-based company did not disclose details on financial terms of the agreements.
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