Joint statement from costco wholesale corporation and tmall global regarding false claims of distribution channels of costco products sold in china

Hangzhou--(business wire)--costco wholesale corporation and alibaba group’s tmall global platform today issued the following joint statement regarding false claims of distribution channels of costco products sold in china: “costco’s tmall global store is the only online costco flagship store in china. customers are welcome to shop for authentic costco products through tmall global. costco reserves the right to take legal action against any unauthorized sites on other platforms.” “our partnership with costco has provided chinese consumers with direct access to authentic costco products sold through its flagship store on tmall global,” said wu qian, head of tmall global. “costco is a highly-regarded international brand and we are honored to be its only official online channel in china. by creating a premium shopping experience for consumers, tmall global is committed to helping international brands grow their footprint in china and satisfy chinese consumers’ growing demand for authentic and quality goods. costco wholesale corporation is america’s leading membership-only warehouse club that provides a wide range of quality, brand name merchandise. on october 14th, 2014, costco announced it entered china for the first time through the opening of an online flagship store on alibaba group’s tmall global platform, an extension of tmall.com, china's largest third-party platform for brands and retailers. costco’s tmall global flagship store: http://costco.tmall.hk about tmall global launched in february 2014, tmall global (www.tmall.hk) is an overseas platform and an extension of alibaba group’s b2c tmall business which enables overseas merchants to enter china’s online retail market. merchants can join tmall global using the business licenses of their home country or region and conduct businesses from overseas without the need for physical operations within china. international brands on tmall global benefit from the exposure to the hundreds of millions of visitors on taobao marketplace and tmall.com. through tmall global, chinese consumers have access to a variety of branded products sourced and fulfilled from overseas countries outside of china. about costco costco wholesale corporation operates an international chain of membership warehouses, under the "costco wholesale" name, that carry quality, brand name merchandise at substantially lower prices than are typically found at conventional wholesale or retail sources. costco's first location opened in 1976 under the price club name. costco became the first company ever to grow from zero to $3 billion in sales in less than six years. in 1995, costco created the kirkland signature™ label, named after the city of kirkland, washington, where the home office was located at the time. today kirkland signature™ is one of the most powerful private labels brands in america and appears on about 20 percent of the products you find at costco. on 30th august, 1999, the corporation changed its name to costco wholesale corporation, which currently trades on the nasdaq under the symbol 'cost'. since resuming the costco name in 1997, the company has grown worldwide with total annual sales exceeding $110 billion as of september 2014. according to deloitte’s, global powers of retailing 2014, costco is the 2nd largest retailer in the united states. costco’s home office is located in issaquah, washington.
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