Vanke Offers Alibaba Shoppers Up to $325,000 in Discounts
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China Vanke Co., the country’s biggest developer, teamed up with Alibaba Group Holding Ltd. to offer discounts of as much as $325,000 to home buyers who also shopped on the e-commerce company’s Taobao Marketplace.
Vanke will grant discounts of 2 million yuan ($325,000) on select properties if the home buyer spent more than 2 million yuan on Taobao in the last year, according to a statement on Taobao’s website. Spending one yuan makes buyers eligible for a 50,000-yuan rebate.