Temat: Alibaba.com to Acquire Export Service Provider Shenzhen...

Alibaba.com to Acquire Export Service Provider Shenzhen One-Touch

Acquisition will help customers transition from “Meet at Alibaba” to “Work at Alibaba”


HONG KONG, November 15, 2010 – Alibaba.com Limited (HKSE: 1688) (1688.HK), the world's leading small business e-commerce company, has entered into an agreement to acquire Shenzhen One-Touch Enterprise Service Limited (“One-Touch”), a provider of one-stop services for exporters in China. Introducing One-Touch’s services to Alibaba.com’s China Gold Supplier members will allow them to conduct export business more effectively. This investment furthers Alibaba.com's goal of transforming its platforms from “Meet at Alibaba” to “Work at Alibaba.”

One-Touch is a pioneer and leading provider of comprehensive export-related services tailored to the needs of small businesses in China, including customs clearance, logistics, cargo insurance, currency exchange, tax refund, financing and certification, etc. With the acquisition of One-Touch, Alibaba.com not only gains a strong management and operating team, but also expects to improve the stickiness of its website by adding to the range of export-related value-added services available to members in the whole transaction chain. Services including those from One-Touch will be available through the China Gold Supplier 2011 edition.



“Against the backdrop of slower growth of exports and narrowing profit margins for exporters in China, we felt the obligation to help our customers stay competitive and enhance margins," said David Wei, chief executive officer of Alibaba.com. "This acquisition underscores what we mean by ‘Work at Alibaba.’ One-Touch will bring a lot of synergies to our business and enhance our members’ user experience by reducing the time and money they spend managing their export process and procedures.”



This is Alibaba.com's fifth acquisition in the past 12 months, following Alisoft, a "software-as-a-service” provider; Hi-China, an Internet infrastructure services company; and Vendio and Auctiva, two leading U.S. providers of e-commerce solutions for online merchants. Financial terms of this transaction were not disclosed.

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