Alibaba: agreement with Spain's CaixaBank.
(CercleFinance.com) - Alibaba has signed an agreement with CaixaBank to support sales from Spanish businesses in China and purchases made by Chinese tourists in Spain.
For Spanish companies, the initiative will be linked to Tmall.com, an Alibaba's platform, which enables Chinese citizens to buy products from foreign manufacturers.
In the meantime, the agreement will facilitate purchases at Spanish establishments via Alibaba's payment system Alipay, which has over 450 million active users in China.
Spain attracted 400,000 Chinese tourists in 2016.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
For Spanish companies, the initiative will be linked to Tmall.com, an Alibaba's platform, which enables Chinese citizens to buy products from foreign manufacturers.
In the meantime, the agreement will facilitate purchases at Spanish establishments via Alibaba's payment system Alipay, which has over 450 million active users in China.
Spain attracted 400,000 Chinese tourists in 2016.
Copyright (c) 2017 CercleFinance.com. All rights reserved.