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​China's Alibaba to set up online shop for parallel imports of cars

( May 21, 2015, 04:48 GMT | Insight) -- Chinese e-commerce company Alibaba has entered into an agreement with Shanghai Waigaoqiao Automobile Exchange Market in the Shanghai free trade zone to set up an online shop for the sale of cars imported through the parallel importing mechanism on its onli...Chinese e-commerce company Alibaba has entered into an agreement with Shanghai Waigaoqiao Automobile Exchange Market in the Shanghai free trade zone to set up an online shop for the sale of cars imported through the parallel importing mechanism on its online platform Tmall.com, China Securities Journal reported, citing the automobile department of Alibaba. The store will open as soon as late May, the report said....

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