Yintai Will Build A Platform Company With ALI, Ali Intends To Invest About 1 Billion Yuan.

< p > today, at the Cooperation meeting of a href= "//www.sjfzxm.com/news/index_c.asp" > Peking University < /a > and the social welfare management master program of Yintai group, Shen Guojun, chairman of China Yintai Investment Limited (hereinafter referred to as "China Yintai"), told reporters that Yintai's retail project must be pformed to face challenges. In the future, the shopping center format will be vigorously developed, and 10 new shopping centers will be opened each year, reaching 100 scale in a few years.

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< p > in addition, Yintai will increase its cooperation with Alibaba. Yintai's Yintai business is about to set up a platform company with Alibaba to invest Yintai resources into the company. Alibaba intends to invest about 1 billion yuan in the company.

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< p > "traditional retail industry must be reformed, otherwise it will become more and more difficult. But how to pform a href=" //www.sjfzxm.com/news/index_c.asp "> O2O < /a > (online offline cooperation) is very particular. Retailers are very difficult to do their own business, such as attracting passenger flow is difficult and conversion rate is low, so a better way is to cooperate with mature e-commerce companies.

So we joined hands with Alibaba.

Shen Guojun told reporters.

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Recently, < a href= "//www.sjfzxm.com/news/index_c.asp" > Alibaba < /a > decided to invest strategically in Yintai business with HK $5 billion 370 million for P.

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< p > "for us, Alibaba has hundreds of millions of tourists, which can not be imagined by the entity retailers. For example, we have been engaged in over 10 years of Yintai VIP membership of about about 1600000, and the payment project we launched with Alibaba" Yintai Bao "won 5 million members in just a few days.

Shen Guojun revealed that Yintai Bao is the first product of the two sides' cooperation. At present, 5~6 new products are being developed and will soon be available.

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< p > "Yintai business is about to join Alibaba to form a platform company. The company will soon be registered. We will inject the resources of Yintai network into the platform company, and Alibaba should invest about 1 billion yuan according to the agreement. The operation of this platform will be mainly based on Yintai business, which is also to cooperate with our own business and O2O cooperation."

Shen Guojun said.

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< p > Shen Guojun revealed that at present there are nearly 40 shopping centers, and 10 new shopping centers will be opened this year. It will continue to expand at this rate every year. After several years of planning, there will be about 100 shopping centers in Yintai department.

"Yintai department's overall development is divided into six main directions: Yintai business main Rio Tinto and Alibaba cooperation; Yintai real estate is the main force to develop 100 shopping center projects; at present, 20 projects are under construction; third is mining industry, and now has found good resources; fourth is to run the rookie well, after a year's development, now the rookie project is going smoothly; fifth is Internet finance; sixth is public welfare undertakings."

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< p > in the six directions, what attracts much attention is the rookie made by Shen Guojun and Ma Yun.

"Our rookie project is progressing smoothly now. Rookie is a company to build for the future. It is expected after 8~10 years. It will play an active role in promoting China's logistics and express industry."

Shen Guojun said.

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