Invite colleagues
In a post a few weeks ago I said e-commerce in China will be the standout. The results reported by Alibaba (a staggering Net income for 2008 of CNY1.2 billion, representing a 25% increase year-on-year) would only make others in the Chinese Internet space sit up and ponder how they too could enjoy some of this growth.
Now it seems Zol.com.cn who started to prepare its e-commerce platform early in 2006 will formally launched it on March 25, 2009. China Tech News reported Liu Xiaodong, senior vice president of the owner of Zol.com.cn CBSI Group, saying Zol.com.cn will first invest CNY20 million in the development of its e-commerce platform and the Chinese media website will invest a total amount of CNY100 million in this platform over the next three years.
The platform will incorporate distributions and services by cooperating with local electronics dealers, and will use Alibaba’s Internet payment gateway called, Alipay.
Given this is a vertical technology and digital information website, Zol.com.cn we will look to see what online B2C retailer 360buy.com does…. they will be in the sites of this new play by Zol.com.cn….
Written on Wednesday, 02 September 2009 13:14 by Matt McDougall
