Yahoo! Japan Partners with Alibaba's Taobao Retail Website

Tokyo, Japan - May 29, 2010 (PRN): Yahoo! Japan announced a partnership agreement with China's largest retail website Taobao which is owned by the Alibaba Group. The partnership will allow the platforms to cross-sell into each other's markets, boosting reach and market share for both.

Alibaba would list about 8 million products while Yahoo! Japan would list about 50 million products for sale in each other's countries.

The joint platform will go live on June 1st, 2010 and is expected to generate total transaction volumes worth US$42 billion and attract 260 million users for the two companies.

The tie-up is part of a larger initiative previously announced by Alibaba to look for new regions and markets through partnership agreements. Alibaba is partly owned by Yahoo! Inc. and Softbank, which also control Yahoo! Japan.

###       [ NEWS ROOM ] 1420

Information from Press Release Network may be freely distributed to any publication. Wherever applicable, please cite Press Release Network as the news source.

DISCLAIMER: The content of each press release is the responsibility of the publishing organisation and is not vetted or approved by Press Release Network prior to publication. Press Release Network is not liable directly or indirectly for any direct or consequential loss, damage or expense resulting from the material disseminated and published on the site. Subscribers are advised to check the accuracy of all press releases and to obtain their own professional advice in relation to such information.

ADVERTISING LINKS

Ekotribe - Eco friendly products Go Green - Reduce consumption, Reuse products and Recycle trash eTicketsNetwork.com - Buy tickets online for major global events Global Email Marketing - Opt-in Direct Marketing in USA, Europe, Middle East, Asia, Far East and Australia. DIYadsOnline.com - A 'Do It Yourself' banner advertising. To Advertise Your Link – Click Here