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Itochu, partners preparing to take on Alibaba

TOKYO/SHANGHAI -- Major Japanese trading house Itochu is getting ready to enter the e-commerce market in China to sell Japanese products in collaboration with four Chinese and Thai partners.

Representatives of five partners in the new e-commerce business, including Itochu, Charoen Pokphand Group of Thailand and the Shanghai municipal government, participate in a signing ceremony in Shanghai April 30.

     The four companies are Charoen Pokphand Group, Thailand's biggest conglomerate; Citic Group, China's largest state-run conglomerate; Shanghai Information Investment, affiliated with the Shanghai municipal government; and China Mobile Communications, the nation's largest mobile carrier.

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