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Alibaba Faces Mobile Commerce Competitor

Alibaba may not be the leading name in China’s e-commerce scene for much longer. Singapore’s YuuZoo and the Shanghai Media Group are planning to launch a new social media and e-commerce platform that intends to rival Alibaba in China. The new platform will not only cater to the traditional Internet audience, of course, as it will also seek to engage mobile consumers that have become enthralled with the idea of mobile commerce. The new platform will seek to link consumers and advertisers to social media networks that have e-commerce features. The platform will also leverage Shanghai Media’s expansive broadcast network to connect with consumers throughout mainland China. The platform will make use of payments technologydeveloped by YuuZoo

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