Alibaba.com Acquires U.S. E-Commerce Firm
Alibaba PR, 6/24/10
Chinese B2B e-commerce firm Alibaba.com (1688.HK) has entered into an agreement to acquire US-based multi-channel e-commerce solutions provider Vendio Services. From the Vendio Platform, merchants can source products from Alibaba.com's trusted supplier network and sell through channels such as eBay, Amazon, and their own Vendio-supported store. The platform is offered through a Software as a Service (SaaS) cloud-computing model.
Through this acquisition, Alibaba.com gains access to more than 80,000 targeted small businesses in the U.S. with potential sourcing needs from suppliers on Alibaba.com's sourcing platform and AliExpress (www.aliexpress.com), a wholesale transaction platform operated by Alibaba.com. In addition, the acquisition will provide access to e-commerce storefronts and multi-channel selling services for AliExpress customers looking to reach consumers online through the Vendio Platform. AliExpress and Vendio customers are able to source efficiently from the more than 5 mln products available on AliExpress and then sell goods through Vendio on the retail marketplaces of their choice around the world.
With the acquisition, Alibaba.com will connect AliExpress directly with Vendio through back-end integration, creating an AliExpress tab within the Vendio Platform. This integration allows Vendio users to easily access a private sourcing experience within their Vendio inventory and sales management interfaces. Exclusive guarantees, promotions and special deals on AliExpress wholesale products will also be available to Vendio users.
Each year over 80,000 merchants use Vendio's multi-channel platform and applications to sell nearly USD 2 bln in merchandise. The acquisition is part of the USD 100 mln investment plan for AliExpress that Alibaba.com announced in April 2010. It is expected to close in July 2010.
Keywords: Vendio B2B e-commerce Internet Alibaba Software as a Service 1688.HK AliExpress M&A
Sending
