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February 12, 2018 04:41 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/810lcQWRwKs/
Alibaba invests another $1.3 billion into its offline retail strategy
Alibaba has furthered its physical retail footprint after it invested another billion dollars into projects to develop its so-called “new retail” strategy which combines online and offline. The Chinese firm, the dominant e-commerce player in its country,gobbled up a 15 percent stake in Beijing Easyhome Furnishing forRMB 5.45 billion, or around $867 million, and pumped $486… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/810lcQWRwKs/
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