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29463 JPALIBA@EC2112A (CALL)
RT Nominal unchange0.010 0.000 (0.000%)

26/04/2021 09:38

Fordoo (02399) unit to cooperate with Alibaba

[ET Net News Agency, 26 April 2021] China Fordoo Holdings Limited (02399) said its
subsidiary Honggao Technology has entered into a letter of intent with Zhejiang
Yichuidingyin Technology Co., Ltd, a wholly-owned subsidiary of Alibaba (China) Internet
Technology Co., Ltd.
Alibaba Auction Platform will fully use its advantages in the fields of e-commerce,
finance, and big data, leveraging the resources of Changyou operation centre of Honggao
Technology in overseas port services, supply chain and delivery services. Both parties
will jointly establish a new retail business model for parallel imported cars that combine
online e-commerce trading platforms and offline imported car global procurement centres.

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