closes deal to acquire European B2B platform Visable

Asian Tech Press (Nov 15) --, an international arm of Chinese e-commerce giant Alibaba Group Holding Ltd., has completed the acquisition of European B2B platform Visable, according to the latest market news.

Following the acquisition, Visable will continue to operate independently, with no change in management or organizational structure.

Visable owns two European local B2B online trading platforms, europages and wlw, covering English, German and other languages, and is one of the first B2B e-commerce platforms in the world.

Since then, will realize dual-brand operation in Europe, in which will continue to strengthen its investment in Europe, and will also continue to provide technical input for Visable's B2B platforms.

At the end of October, officially launched the European Pavilion,a dedicated resource for EU/UK-certified products and products sourced from verified suppliers, to strengthen its investment in Europe through more refined country-specific operations.

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