Advertisement
Singapore markets closed

  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Bitcoin USD

    63,901.07
    -2,663.24 (-4.00%)
     

  • CMC Crypto 200

    1,357.50
    -25.07 (-1.81%)
     

  • FTSE 100

    8,090.72
    +50.34 (+0.63%)
     

  • Gold

    2,340.40
    +2.00 (+0.09%)
     

  • Crude Oil

    82.98
    +0.17 (+0.21%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     

  • Jakarta Composite Index

    7,155.29
    -19.24 (-0.27%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

Nestle strikes e-commerce deal with Alibaba in China

Reuters
A logo of Alibaba Group is pictured at its headquarters in Hangzhou, Zhejiang province, China, October 14, 2015. REUTERS/Stringer/Files

ZURICH (Reuters) - Nestle SA has agreed a partnership with Alibaba in China to grow online sales, build key brands and offer new products, the Swiss food group said on Tuesday.

Nestle has introduced products including Nido milk powder, Damak chocolate and Nescafe Dolce Gusto BMW MINI coffee machines on Tmall.com, China's largest shopping website for brands and retailers, it said in a statement.

"Using Taobao.com, the country's largest shopping site overall, Nestle is expanding its distribution in rural areas," it added.

(Reporting by Michael Shields)