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

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