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Alibaba, Office Depot announces partnerships aimed at small business opportunities



Office Depot Inc. cooperates with the business area Alibaba Group Holding Ltd., as the two companies seek to capitalize on opportunities that sell to small and medium-sized businesses.

Through the event, Office Depot

ODP, + 2.59%

will direct corporate customers to Alibaba.com, the Chinese e-commerce giant's wholesaler, when they want to buy goods beyond traditional office supplies. Customers will also benefit from Office Depot's fulfillment network if they buy goods through the Alibaba.com market, the companies announced Monday morning.

The cash department's shares shot up 6.7% in premark trading on Monday, and set them on track to open to the highest price seen in regular session hours since October 201

7. Alibaba's stock is 1.5% off the open .

Don't miss: Hail & # 39; O.G. & # 39; Uber and Lift drivers in line with money on the long awaited IPOs

John Caplan, who leads Alibaba


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