Acquisition Overview
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Why is Alibaba buying Vendio/ Why was Vendio sold to Alibaba?Alibaba and Vendio share a common vision to help make it easy to do business anywhere, with a particular focus on small to mid-sized merchants. Alibaba can offer amazing new and exclusive sourcing opportunities to Vendio merchants from their supplier relationships, and Vendio can offer an enhanced suite of selling services to Alibaba's customers who are leveraging their AliExpress.com wholesale sourcing platform.
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Who is Alibaba.com and what is AliExpress?Alibaba is a leading global e-commerce company that employs approximately 18,000 people, with offices in more than 60 cities across Greater China, Japan, Korea, Europe and the United States. Their family of online properties have over 50MM users in 240 countries around the world. You can learn more about Alibaba Group.
Alibaba.com provides US merchants access to a wide range of opportunities to source products from Alibaba's global supplier base by enabling merchants to find suppliers and contact them for quotations. AliExpress provides the ability to purchase directly online from a subset of these merchants, with each purchase protected by an escrow service to ensure fulfillment before your payment is released. -
What was the price of the deal?The terms of the deal were not announced. Alibaba's acquisition of Vendio is part of their investment to support US small businesses and their AliExpress.com wholesale sourcing platform.
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What will be the focus of the new company?Vendio will focus on expanding the comprehensive suite of services that help you identify and source great products to sell and then seamlessly help you sell them profitably on all the eCommerce sites you'd like to sell, including your own store.
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What are the benefits to Vendio customers of this acquisition?Becoming part of Alibaba provides Vendio many more resources that will be used to expand and provide ever better services to our customers. Alibaba brings millions of products and supplier relationships that will be used to offer exclusive sourcing opportunities to you. Alibaba has a talented, intelligent, and very experienced eCommerce team that will lend additional guidance and ideas to help make US small businesses sell more profitably.