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Giant Online Mall in the Works for China Market
Asiajin had an interesting story a couple of weeks ago about the online mall that 100 Japanese companies are setting up for shoppers in China.As per the Nikkei, major electronics retailer Yodobashi Camera, drugstore operator Matsumotokiyoshi, children's clothing retailer Narumiya and mail order company Cecile are among the candidates.Chinese shoppers will be able to pay with a China UnionPay card (there are about 1.8 billion of those in circulation) and they'll get their goods in about two days via China Post.
The new mall highlights the potential of China online retail sector.
Photo courtesy of iStockphoto, Image# 7671189.