America’s biggest department store operator Macy’s has announced plans to start e-commerce in China via Alibaba Group’s e-commerce concept Tmall Global, one of China’s biggest online market places. Alibaba Group Holding Limited provides c2c, b2c and b2b sales services via web portals as well as electronic payment services and a shopping search engine.

In order to do so, Macy’s has just formed a joint venture with Fung Retailing (65 percent owned by Macy’s and 35 percent owned by Fung), a privately-held business entity. Fung Retailing Limited operates the Fung Group’s fourth core business of retailing: convenience stores and bakeries, high-end to luxury menswear as well as middle-zone apparel and accessories in Asia.

Macy’s plans to put its presence on Tmall Global into operation in late 2015. Macy’s goal is to explore retailing in China, one of the world’s largest and fastest-growing consumer marketplaces. The deal will make Macy’s the first U.S. department store chain to join Tmall Global. Still, Macy’s claimed that no physical stores are planned for China at the moment.

Tmall Global
Tmall Global