Home / Business / Companies

Germany's Aldi teams up with Alibaba

Xinhua | Updated: 2017-03-03 16:07

SYDNEY — German supermarket franchise Aldi has been taking ground from Australia's duelling retail giants, Woolworths and Coles since 2001.

It now hold around 15 percent of the supermarket space with 350 stores across the country and A$4 billion ($3 billion) in annual sales.

With the help of Tmall Global, operated by Alibaba, Aldi is now expanding sales into China using Australian suppliers, it was announced on Friday.

"We know there is a strong demand among Chinese consumers for Australian manufactured products and our goal is to provide a competitively priced alternative for shoppers seeking quality groceries," an Aldi spokesperson said.

The bulk distributor, which has made a name for itself offering very low prices, is expected to be the biggest sellers in China for wine, snack and breakfast products.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349