Category Archives: Automobiles

E-shopping discount cars: China’s luxury auto dealer and Alibaba to offer pricey wheels at online sale prices

Source: The South China Morning Post

Yongda, a leading Chinese luxury auto service provider listed in Hong Kong, will sell cars online through Alibaba’s Tmall platform, a move that comes as the mainland fever for pricey wheels cools.

The two giants will allow customers across the nation to buy a car at a single price and pick it up at the nearest Yongda shop, the two companies announced on Wednesday.

According to Wang Licheng, Alibaba’s general manager of automobile business, Alibaba would also offer zero-interest loans to buyers depending on their previous credit record with Tmall and its sister platform, Taobao.

Source: E-shopping discount cars: China’s luxury auto dealer and Alibaba to offer pricey wheels at online sale prices | South China Morning Post