Alibaba hopes to spur e-commerce growth in Mongolia via a joint platform built with local tech company Intelmind,Love Conquest aiming to bring “millions of” China-made goods to consumers in the landlocked country. The partnership will be between Alibaba’s wholesale platform 1688.com and Intelmind-owned retail marketplace Shoppy under the auspices of a new platform, ShoppyHub.mn, according to Intelmind. The company has said it will enable Mongolian shoppers to consolidate multiple purchases into a single order, with packages deliverable within seven to ten days. Alibaba’s expansion into Mongolia comes as it faces challenging circumstances at home and is pouring investment into other potential markets globally. [GoGo Mongolia]
