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Pandora Eyes China Breakthrough via Online Entry

Oct 18, 2016 7:37 AM   By Rapaport News
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RAPAPORT... Pandora has launched on Alibaba’s ecommerce platform, as the Denmark-based jeweler aims to break into the Chinese market.

Internet retailing, which grew 53 percent last year, is gaining traction in China because of faster internet, improved payment security and increasing convenience, Pandora said. The country’s jewelry market is the largest in the world, the company added.

“The launch of PANDORA jewelry on is another important step in establishing the Pandora brand amongst Chinese consumers,” said Kenneth Madsen, president of Pandora Asia Pacific. “Tmall is a clear leader in China's internet retail space, and is the right business partner for Pandora to get the broadest approach to the Chinese consumer.”
Tags: alibaba, China, Chinese market, Denmark, ecommerce, Internet retailing, online retail, Pandora, Rapaport News, retail,
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