Friday, May 16, 2014

Alibaba.com offers rebates to Chinese businesses

News this week: The Alibaba Group’s B2B e-commerce subsidiary, Alibaba.com, has announced the offer of a rebate to Chinese exporters that complete transactions through Alibaba’s export services provider OneTouch.

Alibaba’s Shenzhen-based subsidiary provides exporters with customs clearance, trade financing, foreign exchange, logistics and other related services. The rebate program will see Chinese exporters receive up to RMB 0.03 for every US$1 in value of export transactions handled through OneTouch.

Separately, Alibaba.com announced a partnership agreement with U.S. customs data provider, ImportGenius, which provides subscription-based trade research and product sourcing services. Subscribers of ImportGenius will be offered the option of sending a sourcing query for a particular product through Alibaba.com’s AliSourcePro service during their data search. AliSourcePro provides buyers with product quotes from Alibaba.com’s verified suppliers within 24 hours.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

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