News Formal

Alibaba's newest business: Modernising China's factories

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

HONG KONG (BLOOMBERG) - Alibaba Group Holding helped modernise brick-and-mortar retail with consumer data and online services. Now it hopes to do the same for China's multitrillion-dollar manufacturing arena.. Read more at straitstimes.com.

HONG KONG - Alibaba Group Holding helped modernise brick-and-mortar retail with consumer data and online services. Now it hopes to do the same for China's multitrillion-dollar manufacturing arena.

"This allows traditional manufacturers to improve profitability and reduce inventory levels while still being able to meet these personalisation needs," said Alain Wu, chief executive officer of Alibaba-subsidiary Xunxi Digital Technology. It's closely related to Alibaba's"new retail" strategy of merging offline and online shopping: newer outfits like the Freshippo grocery chain have grown into a US$12 billion business, contributing a fifth of total revenue in the June quarter.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 8. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Exclusive: Alibaba, China Mobile weigh US$443 million investment in blacklisted Dahua - sourcesAlibaba Group Holding Ltd and China Mobile Communications Group Co Ltd are considering investing 3 billion yuan (US$443 million) in Zhejiang ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »