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Alibaba Group plans to open 2000 branches of its Hema supermarket, which aims to merge online and offline shopping, in China over next three to five years. It opened its first Hema last year and will end with year with 22 stores. Its latest outlets are in…
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one of China’s biggest general store and retail chains, is driven by Jack Ma’s push to use innovation to shake up outdated retail.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…
Chinese eCommerce giant Alibaba Group Holding plans to invest 2.1 billion yuan (US$305 million) in supermarket chain Sanjiang Shopping Club. Sanjiang’s share were suspended by the Shanghai stock exchange on November 8, with trading resuming today. Under the…
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