Alibaba's headquarters in Hangzhou, China. The company has been strengthening its retail presence. Photo: Bloomberg

Alibaba to take US$486 million stake in China retail data firm

The e-commerce giant will take 38 per cent of Shiji Retail Information Technology in further push towards ‘new retail’

Topic |   Alibaba

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Alibaba's headquarters in Hangzhou, China. The company has been strengthening its retail presence. Photo: Bloomberg
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