After striking a strategic partnership with Chinese crowdsourcing translation platform 365 Fanyi (365 Translation) last April, Alibaba has gone a step further to fully acquire the company, utilizing it to remove language barriers for small and medium enterprises (SMEs) when participating in cross-border e-commerce business.
Alibaba.com, the international business arm of Alibaba Group, lead the deal which mainly constitutes the acquisition of 365 Fanyi’s translator management system. In addition to Alibaba.com, other international trading platforms under the group, like Tmall Global and AliExpress, are going to benefit from the acquisition.
The team of 365 Fanyi will now join Alibaba’s translation unit to construction a next-generation translation platform.
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