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AuMake International selects Ant Financial backed JieZhou as technology partner for new e-commerce platform

AuMake is a specialist retailer providing a contemporary shopping experience to Asian customers seeking high-quality and authentic Australian and New Zealand products.

AuMake International Ltd - AuMake International selects Ant Financial backed JieZhou as technology partner for new e-commerce platform
The company operates 15 lifestyle stores under the AuMake and Broadway brands

AuMake International Ltd (ASX:AU8) has selected Shenzhen Jiezhou Technology Co Ltd as its technology partner to develop its next-generation e-commerce platform. 

Partly owned by Ant Financial Services Group, JieZhou has experience in working with many cross-border brands, e-commerce platforms, large overseas stores, supermarkets and cross-border chain stores around the world. 

Ant Financial Services Group is one of the world’s largest fintech companies with a valuation of over US$ 150 billion and is part-owned by e-commerce phenom Alibaba Group Holding Ltd (NYSE:BABA).

Strategic partnership

AuMake executive chairman Keong Chan said: “After an extensive search in Australia and China, we have found a partner that not only meets our technical needs but also shares our strong appetite for innovation.
 
“Our partnership with JieZhou, who has extensive experience with leading online businesses globally and significant resources at its disposal from its relationship with Ant Financial, will enable us to create a cutting-edge online platform that delivers a seamless consumer experience. 

“This new strategic partnership with JieZhou, and in turn Ant Financial, will also open up new growth opportunities in the future.”

New online platform launch

The company’s services agreement with JieZhou contains standard clauses relating to scoping, delivery, confidentiality and termination terms consistent with agreements of this nature. 

AuMake expects to launch the new generation platform in October 2020.

JieZhou CEO Junlong Wang said: “JieZhou will bring unique industry knowledge and technology advantages to help AuMake achieve their digital growth ambitions in the dynamic cross-border retail world.”

Quick facts: AuMake International Ltd

Price: 0.08 AUD

ASX:AU8
Market: ASX
Market Cap: $29.51 m
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