NEWS RELEASE
Transcription
NEWS RELEASE
NEWS RELEASE - Entry into the Private Import EC Business in China - October 8, 2014 Store Opening in the Alibaba Group-Managed Tmall Global October 8, 2014 (Tokyo, Japan)--AUTOBACS SEVEN Co., Ltd. (Representative Director and Chief Executive Officer: Setsuo Wakuda) is opening a store in Tmall Global, managed by Alibaba Group, the leader in the electronic commerce transaction industry in China, on Wednesday, October 8, 2014. “Tmall Global” was launched in the fall of 2013 as a pioneering site for private import in China. The site is often used by wealthy customers who are quality-oriented, and is characterized by an ease of searching, ordering and paying for products. The Internet penetration rate of China was 42%* as of 2012 with the potential for future growth of this large market of 560 million people* or more. (*According to research by Sales In China, Inc.) The newly opened store, “AUTOBACS Tmall Global Overseas Flagship Store,” targets Chinese automobile drivers who place importance on quality and safety. Through use of the Internet, the Group will offer very reliable Japanese brand products in China. Operation, marketing and other management of the site will be outsourced to SHANGHAI RUNSHI ENTERPRISE MARKETING MANAGEMENT CO., LTD., which offers marketing support services for foreign companies in the Chinese market to conduct business operations to meet the demands of the China market. 〈専用サイト トップページ〉 AUTOBACS is fortunate enough to be marking its 40th anniversary in November 2014. The Group will offer a comprehensive supply of automotive goods and services, together with the purchase and sale of cars, and statutory safety inspection and maintenance services to serve as stores available for any inquiries and consultations under the slogan, “anything about cars, you find at AUTOBACS.” A profile of the AUTOBACS Tmall Global Overseas Flagship Store is provided below. 1. Store name: AUTOMACS Tmall Global Overseas Flagship Store 2. Date of store opening: Wednesday, October 8, 2014 3. Store URL: http://autobacs.tmall.hk 4. Products: deodorizers/aromatics, high-grade interior products for automobiles, child seats, onboard air cleaning deodorizers, rearview mirrors and other functional products produced and sold in Japan End. Disclaimer: Please note that this document is a summary translation of the Japanese press release and prepared for reference purposes only. We do not assure the correctness or completeness of this summary translation. Please note that this summary translation may be amended without notice, or be pulled from our website for such amendment purpose, etc., at our own discretion.