• About
  • Advertise
  • Contact
Wednesday, May 25, 2022
No Result
View All Result
NEWSLETTER
iotillinois
  • Home
  • Internet of Things
  • Security
  • WAN
  • Cloud Computing
  • Data Centers
  • Mobile
  • Networking
  • Software
  • Home
  • Internet of Things
  • Security
  • WAN
  • Cloud Computing
  • Data Centers
  • Mobile
  • Networking
  • Software
No Result
View All Result
iotillinois
No Result
View All Result
Home Internet of Things

Alibaba sells off 11Main US e-commerce site to focus on China

by iotadmin
October 27, 2019
in Internet of Things
0
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Alibaba Group has decided to sell off its 11Main e-commerce site in the U.S., as part of its focus on attracting foreign brands to its China business.

OpenSky, a U.S.-based online retail company, will be taking over 11Main. “This joining of forces will help drive sales worldwide,” Alibaba said on Tuesday.

As part of the deal, Alibaba has also sold its Auctiva and Vendio properties to OpenSky, in exchange for a minority stake of 37.6 percent in the U.S. company.

11Main, which launched last year, represented an Alibaba foray into the U.S. market. The site was, however, a small operation and offered goods from boutique merchants, rather than competing head-on with Amazon or eBay.

In China, Alibaba dominates the e-commerce market through its Tmall.com and Taobao Marketplace sites. Many expected the company to expand globally, following its massive IPO in the U.S.

But lately, the company has been talking more about its China business, and its plans to lure U.S. brands to sell over its e-commerce platforms in the country. Earlier this month, its founder Jack Ma urged U.S. small businesses to partner with Alibaba as a way to reach millions of Chinese consumers.

“People say, ‘well, when are you going to come to invade America?’’” Ma said in a speech in New York. “We do not come here to compete. We come here to bring the small businesses,” he added.

OpenSky did not immediately respond to a request for comment. The company also focuses on selling goods from smaller merchants, similar to 11Main’s business model. OpenSky launched in 2011, and now has over 50,000 businesses signed on.

Although Alibaba is parting ways with 11Main, it has been active in investing in U.S. tech companies, including SnapChat. After the 11Main sale, Alibaba will still have has its AliExpress business, an English language site designed to sell Chinese goods to customers across the world.

Join the Network World communities on Facebook and LinkedIn to comment on topics that are top of mind.
Download Nulled WordPress Themes
Download Best WordPress Themes Free Download
Free Download WordPress Themes
Download Best WordPress Themes Free Download
free online course
download micromax firmware
Free Download WordPress Themes
lynda course free download
Tags: Alibaba sells off 11Main US e-commerce site to focus on China
iotadmin

iotadmin

Next Post

The Upload: Your tech news briefing for Monday, June 22

Recommended

Connected cars gather too much data about their drivers, say motorists associations

3 years ago

Samsung’s Artik Cloud to challenge Microsoft’s Azure in IoT

3 years ago

Buy CBD Online

  • CBD Oils
  • CBG
  • Sleep spray
  • CBD gummies
  • buy CBD oil
  • Dab pens
  • CBD Patches
  • CBD pills
  • Pet CBD
  • CBD for pain
  • CBD for sleep
  • CBD Flower
Facebook Twitter Youtube RSS

Newsletter

Subscribe our Newsletter for latest updates.

Loading

Category

  • AI
  • Careers
  • Cloud Computing
  • Connected Cars
  • Connected Vehicles
  • Data & Analytics
  • Data Center
  • Data Centers
  • Databases
  • Development
  • Enterprise
  • Hardware
  • Healthcare
  • IIoT
  • Infrastructure
  • Internet of Things
  • IoT
  • IT Leadership
  • Manufacturing
  • Mobile
  • Networking
  • Oil & Gas
  • Open Source
  • Security
  • Smart Cities
  • Smart Homes
  • Software
  • Software Development
  • Standards
  • Technology Industry
  • Uncategorized
  • Unified Communications
  • Virtualization
  • WAN
  • Wearables

About Us

Advance IOT information site of Illinois USA

© 2019-20 iotillinois.com.

No Result
View All Result
  • Home
  • Internet of Things
  • Security
  • WAN
  • IoT
  • Cloud Computing
  • Data Centers
  • Mobile
  • Networking
  • Software

© 2019-20 iotillinois.com.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In