🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

German discounter Aldi to start online sales in China

Published 02/03/2017, 10:30 pm
Updated 02/03/2017, 10:40 pm
© Reuters.  German discounter Aldi to start online sales in China
BABA
-

BERLIN, March 2 (Reuters) - German discount supermarket chain Aldi is planning to start online sales in China this month, hoping to appeal to Chinese consumers interested in German brands with a selection of wine, snack and breakfast products.

The company will sell its own brand products via online platform Tmall Global, operated by Alibaba (NYSE:BABA) BABA.N , and will use its Australian suppliers to serve the Chinese market, it said in a statement on Thursday.

An initial "soft launch" on March 20, which typically sees a product offered to a limited audience, will be followed by a full launch event in Shanghai on April 25, Aldi said.

Alibaba Europe manager Terry von Bibra said the Chinese middle-class was becoming more and more interested in "Made in Germany" products.

The German discount chains are increasingly expanding abroad, with rival Lidl saying last month it would open its first stores in the United States this summer. Chinese foray is being run by Aldi South, which also owns Aldi US and runs the chain in Britain. It entered the Australian market more than 15 years ago.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.