GLP, Alibaba ink deals

Mainboard-listed Global Logistic Properties (GLP) said it has signed two agreements with Alibaba’s Taobao Mall for the lease of two facilities in Shanghai and Guangzhou.

In a statement, GLP said the agreement marks the partnership between the two companies and is expected to improve the nationwide logistics facility network for Alibaba’s Taobao Mall’s online retailing business.

The new leases include a 55,000-square-metre facility in GLP Park Hongqiao (West) in Shanghai and a pre-leased 20,000 square metres in GLP Park Zhencheng (Xintang) to be completed and will be delivered to Taobao Mall in October 2011.

Taobao Mall logistics operation vice-president Jacky Wang said: “We believe that cooperating will enhance supply-chain management efficiency by enriching customer experience, which is vital for the success in the e-commerce industry.”

The two companies will also cooperate in meeting Taobao Mall’s growing domestic consumption needs and improving operational efficiency, GLP said.

Taobao Mall was launched in 2008 and is considered to be one of the leading business to consumer online market places in China.

It currently carries 70,000 major multinational and Chinese brands including Gap, UNIQLO, adidas, Levi’s, Bestseller Fashion Group, Lenovo and Li Ning.

Source : Channel NewsAsia – 10 Aug 2011

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