Sinopec opens new industrial platform
By Lyu Chang | China Daily | Updated: 2016-04-19 09:12
Goods from more than 60 industries will be available on the company's online system
Asia's largest refiner China Petroleum & Chemical Corp, known as Sinopec, is pushing big into a market-oriented transformation with the launch of the country's largest online industrial supply system on Monday, teaming up with e-commerce giant Alibaba Group Holding Ltd.
It is the latest in a string of moves by State-owned enterprises to diversify their business and enhance profitability.
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