Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Alibaba to help Bigcommerce clients tap China supplier network

Published 08/04/2015, 12:04
Updated 08/04/2015, 12:11
© Reuters. The logo of Alibaba Group is seen inside the company's headquarters in Hangzhou
BABA
-

SAN FRANCISCO (Reuters) - Alibaba (NYSE:BABA) Group Holding Ltd has forged a deal to allow online shopping startup Bigcommerce's 70,000-plus clients to more easily buy from top-ranked Chinese suppliers and manufacturers on Alibaba.com.

The tie-up helps round off Bigcommerce's services, a startup which helps clients from Gibson Guitars to Ubisoft Entertainment SA create and market e-commerce websites.

The Chinese company and Bigcommerce have created a software app to help Bigcommerce's customers better navigate Alibaba.com, the companies said in a statement on Wednesday.

Alibaba.com is the Chinese ecommerce giant's original product, a service through which millions of merchants around the world source cheap parts, components and products from Chinese suppliers.

It caters primarily to smaller businesses looking for manufacturing partners in China and elsewhere but often lack the financial resources to secure reliable suppliers on their own.

Clients of six-year-old Bigcommerce, which counts Softbank Capital, American Express Co and General Catalyst among its investors, will start out with access to 300 "gold suppliers" on Alibaba's service.

That partnership may eventually extend to thousands more suppliers, and Bigcommerce's customers will also have the option of selling their products to Alibaba.com users.

© Reuters. The logo of Alibaba Group is seen inside the company's headquarters in Hangzhou

"For many of our merchants, Alibaba.com represents a tremendous opportunity to tap into the world's largest supplier network - whether to start selling or expand an existing business - without taking on unnecessary risk or sacrificing margins," Bigcommerce co-founder and CEO Eddie Machaalani said in a statement.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.