Geely Automotive Holdings (GELYF)

[I Like Bottom Fishing]

GELYY News DJ Zhejiang Geely: Aim To Sell Cars On Taobao.com From Early 2011.

Monday, September 13, 2010 2:12 AM

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News for 'GELYY' - (DJ Zhejiang Geely: Aim To Sell Cars On Taobao.com From Early 2011)

http://www.taobao.com

BEIJING (Dow Jones)--China's Zhejiang Geely Holding Group Co. is in talks with e-commerce company Alibaba Group about selling its cars on Taobao.com, Alibaba's online shopping site, and aims to start the sales early next year, Geely spokesman Victor Yang said Monday.

Alibaba Group spokesman John Spelich declined to comment.

Xinhua News Agency on Sunday cited Geely, which last month completed a US$1.8 billion acquisition of Volvo Cars from Ford Motor Co., as saying it would launch a version of its Geely Panda vehicle that will only be available online as part of an online sales push.

Geely's listed unit is Geely Automobile Holdings Ltd. (GELYY) and Alibaba's is Alibaba.com Ltd. (1688.HK).

-By Owen Fletcher, Dow Jones Newswires; 8610 8400 7702; [e-mail]

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=wYm0u%2FnWccUAQ1%2FjfAjLpw%3D%3D. You can use this link on the day this article is published and the following day.

http://www.Taobao.com

(END) Dow Jones Newswires

September 13, 2010 02:12 ET (06:12 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc.- - 02 12 AM EDT 09-13-10

Source: DJ Broad Tape

BEIJING (Dow Jones)--China's Zhejiang Geely Holding Group Co. is in talks with e-commerce company Alibaba Group about selling its cars on Taobao.com, Alibaba's online shopping site, and aims to start the sales early next year, Geely spokesman Victor Yang said Monday.

Alibaba Group spokesman John Spelich declined to comment.

Xinhua News Agency on Sunday cited Geely, which last month completed a US$1.8 billion acquisition of Volvo Cars from Ford Motor Co., as saying it would launch a version of its Geely Panda vehicle that will only be available online as part of an online sales push.

Geely's listed unit is Geely Automobile Holdings Ltd. (GELYY) and Alibaba's is Alibaba.com Ltd. (1688.HK).

-By Owen Fletcher, Dow Jones Newswires; 8610 8400 7702; [e-mail]

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=wYm0u%2FnWccUAQ1%2FjfAjLpw%3D%3D. You can use this link on the day this article is published and the following day.

http://www.Taobao.com

(END) Dow Jones Newswires

September 13, 2010 02:12 ET (06:12 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc.- - 02 12 AM EDT 09-13-10

Source: DJ Broad Tape