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Alibaba Group’s collaboration with Shanghai Bailian Group, one of China’s biggest general store and retail chains, is driven by Jack Ma’s push to use innovation to shake up outdated retail. “Alibaba wants to help update some of Bailian’s 4700 stores the…
China’s traditional retail industry is continuing to decline with demand likely to “remain muted” into next year, according to a new Fitch report. The credit rating agency’s report covers shops and and department stores. “Not only are shopping preferences…
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