Alibaba, NDRC Ally on Rural E-commerce

I.wshang.com, 2/17/16

China's National Development and Reform Commission (NDRC) and Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA) signed a strategic partnership agreement today, under which they will cooperate over the next three years to work with returning entrepreneurs in more than 300 pilot counties and towns to develop rural e-commerce.

Alibaba will provide support through rural-focused e-commerce service provider Rural Taobao, operated by Alibaba's C2C e-commerce site Taobao, to help establish rural e-commerce projects. For impoverished areas, Alibaba will provide financial assistance depending on local circumstances. The NDRC will also encourage pilot projects conduct training programs to develop and train rural e-commerce personnel.

Over the next three years, Alibaba will establish approximately 100 county-level service centers and 10,000 township-level service stations in approximately 100 pilot project locations selected by the NDRC.

Keywords: e-commerce Taobao Internet rural C2C NDRC Alibaba Group BABA government relations government support

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