Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook Follow The Paypers on Google +
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
Ecommerce

Alibaba inks deal with Spanish retail company

Wednesday 5 December 2018 | 02:29 PM CET

Alibaba has announced it will jointly work with El Corte Inglés across multiple areas including digital payments, ecommerce, and logistics.

Alibaba has inked an agreement with Spanish retail company El Corte Inglés to collaborate on projects that cut across multiple areas, including cloud computing, online and offline retail.

The two retail players signed a letter of intent that will see their business units and subsidiaries work on the various initiatives, according to a statement coming from the two companies. On retail, for instance, El Corte Inglés will be able to set up a flagship store and tap Alibaba’s online marketplaces such as Tmall and AliExpress to offer its products to consumers in China.

Operational since 1940, the Spanish company runs one of the largest department store chains in Europe. In turn, AliExpress will explore the possibility of setting up physical points at El Corte Inglés shopping centres in order to streamline the shopping experience for Spanish shoppers.

Both companies also will assess the potential for collaboration in terms of delivery and supply chains, with Alibaba possibly tapping into El Corte Inglés’ logistics expertise and resources in Spain, as well as using its distribution centres as collection points for online purchases made on AliExpress.

More: Link
 advertisement
 advertisement
 advertisement
 advertisement