Alibaba deepens retail foray with new Chinese supermarket tie-up
Hong Kong
ALIBABA Group Holding Ltd is teaming up with Shanghai Bailian Group Co, one of China's largest supermarket and department store chains, as Jack Ma accelerates an effort to employ technology to shake up old-fashioned retail.
Alibaba's planning to help upgrade some of Bailian's 4,700 stores across the country, integrating everything from customer relations to payment and logistics in a manner similar to its tie-ups with other players such as electronics chain Suning Commerce Group Co.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue
Nestle sales growth sputters on US slump, vitamin snags
Hermes Q1 sales jump 17% on strong China demand
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO