The Chinese e-commerce giant Alibaba has announced it will start offering wholesale clothing at its online retail site.
The news comes as a result of Alibaba’s deal with Australian clothing retailer The Collective, which has a deal to sell about 100,000 pairs of clothing in China.
The collective is currently selling clothing from The Collective’s US warehouse, and Alibaba says that will be the first of its products to be offered at its site in China, where it says it has over 3.5 million registered members.
It says it will sell its own clothing from its warehouse in Singapore, which will include “some of the finest brands in the world”, but will only be available in China on Alibaba’s platform.
Alibaba’s wholesale clothes deal with The Collective has yet to be announced, but the company said in a statement that the agreement will allow the Collective to “provide quality, competitive and affordable clothing at competitive prices”.
“This is a win-win for consumers and sellers alike,” Alibaba chief executive Jack Ma said in the statement.
It is unclear how Alibaba plans to ensure its clothes are affordable, but Alibaba has said it plans to make the clothing available in the US, with the aim of selling more in the coming months.”
The Collective has a great track record in selling Australian clothing and we look forward to a long and fruitful relationship with them.”
It is unclear how Alibaba plans to ensure its clothes are affordable, but Alibaba has said it plans to make the clothing available in the US, with the aim of selling more in the coming months.
The deal will allow Alibaba to expand its reach into countries where its clothing is not available, but has yet become a global success story, with it having sold nearly $2 billion worth of clothing globally in 2016.
It is understood that Alibaba plans on selling at least 500,000 units of clothing a month at the site, and that it plans on offering other categories of clothing too.