Alibaba’s CEO Jack Ma and Argentinian President Mauricio Macri signed a Memorandum of Understanding (MOU) on Tuesday [2 May 2017] in Buenos Aires to open up new trade opportunities for both China and Argentina, as well as to support Argentinian merchants that are currently marketing products on Alibaba’s e-commerce platforms. The MOU mainly focuses on two kinds of items – wine and fresh produce…Full Article: China Daily May 2017

Key Point

  • As a result of the MoU, Argentinian agriculture goods may be distributed/marketed via Alibaba’s Tmall.

ChinaAg Comments

  • In March 2017, Germany’s ALDI supermarket chain announced it was partnering with Alibaba’s Tmall Global. ALDI Australia, a low-priced bulk distributor, will likely focus on selling wine, snacks, and breakfast products in China.
  • In October 2016, France’s Chateau Lafite Rothschild announced it reached an agreement with JD.com to market its wines in China. In addition to Château Lafite Rothschild, JD.com will also promote sales of Légende Médoc (also part of the Lafite collection of wines). According to the President of the Consumer Division of JD Mall, French wines account for 50% of the online company’s total wine sales.
  • In September 2016, Alibaba Group’s Tmall launched an online store to promote Australian wine. The new wine online store on Tmall.com will be managed by China’s Vinehoo.com.
  • In June 2016, New Zealand’s Fonterra announced they would sell their “Tip Top” brand of ice cream on Tmall.com.
  • In January 2016, Australia’s Blackmores and Bega Cheese JV launched three infant formula products for sale in Australia (store shelves) and China (Tmall.com).
  • In September 2015, German hypermarket retailer Metro Group announced it would open an online store on Tmall.com to sell a variety of goods including dairy products, canned food, chocolate, and coffee.
  • In November 2012, the Beijing headquartered Vats Liquor (owned by Wu Xiangdonghas) obtained the Chinese distribution rights for the Bordeaux-based wines of Lafite, Chateau Latour, Chateau Margaux, and Chateau Mouton Rothschild.
  • Launched in 2008 and owned by Alibaba Group, Tmall.com was spun off from Taobao.
  • Launched in 2003 and owned by Alibaba Group, Taobao is an e-commerce platform that sells a variety of products (e.g. clothing, appliances, electronics, healthcare products, and more) directly to the consumer.

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