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CRCEG and Alibaba Signs Online Purchase Cooperation Agreement

2015-01-30

The Online Purchase Cooperation Agreement has been signed between CRCEG and Alibaba in the end of January, which marks the beginning of online purchase business for our Group. The cooperation period is one year, and all branches and subsidiaries must put it into force. A special zone for the Group purchase has been opened up in Alibaba platform, and the electronic commercial system has also been set up, including the online publishing of material demand information, the online generation of orders, the online payment, etc. Nowadays, both engineering materials and office stationery could be purchased online. All those problems in traditional purchasing market, such as inadequate information, low transparency and narrow channel of purchasing have been solved, and the cost of materials has also been controlled effectively.

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