Alibaba inks exclusive tie-ups with global brands to sell in China

August 6, 2015 7:34 PM

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SAN FRANCISCO Aug 6 Alibaba Group Holding Ltd has signed exclusive partnerships with more than 20 apparel brands including Zara and Timberland, the Chinese e-commerce giant said on Thursday, the latest step to woo big international brands as it competes with rivals such as Inc.

Alibaba said its fast-growing online marketplace will become the only third-party online sales platform for the apparel brands in China. The Hangzhou, China-based company did not disclose details on financial terms of the agreements.

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