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Boryung Medience Co., a Korean manufacturer of baby and mother care products, has teamed up with Alibaba’s ecommerce platform Tmall to cement its leadership in the world’s largest consumer market.
The Korean company said Tuesday it struck a strategic partnership with Tmall, an online marketplace run by Chinese ecommerce giant Alibaba Group. Tmall is the world’s largest business-to-consumer e-commerce platform with over 100 million users a day.
Boryung Medience is engaged in the development and marketing of a range of products for mothers and babies, from skincare products and pacifiers to toys and baby food.
The firm first entered China in 2013 by setting up a local entity in Tianjin and has since been showing solid growth. In November, it raked in 4.4 billion won ($4.11 million) in sales on Singles’ Day, a one-day annual shopping bonanza hosted by Alibaba.
The Korean company hopes the enhanced partnership with Tmall can help further increase its brand awareness in China and drive online traffic so that it can solidify its No. 1 position in the Chinese baby care market and broaden its reach in the global market.
By Lee Yoo-jin and Kim Hyo-jin
Copyrights Pulse by Maeil Business News Korea. All Rights Reserved.
Source: Pulse by Maeil Business News Korea (Jan. 23, 2018)