A large contribution to growth was given by the new retail strategy implemented by the alibaba group.
33+ Alibaba New Retail Strategy Pics. And while all the talk is about physical retail, is alibaba actually. Alibaba's new retail platform is being used to digitize hundreds of thousands of stores across china.
Alibaba Obtained 552m Active Consumers In Fy2018 China Internet Watch from dfzpo2rwekd2c97nx20ixdth-wpengine.netdna-ssl.com
Alibaba is rapidly expanding its new offline retail store, hema, throughout china. Alibaba's hema supermarkets are a key testing ground for alibaba's new retail concept, since shoppers can shop both online and offline. Jack ma calls alibaba the everything company.
The company's latest earnings showed that the strategy is now getting off the ground, chung said in a research note.
Specifically, revenue from new retail in the quarter came in at ¥5.8 billion, which was well above the ¥4.1 billion the analyst was modeling. Its newest retail investment is another step towards this goal. There are 14 suppliers who sells retail strategy on alibaba.com, mainly located in asia. This transaction demonstrates alibaba's continued commitment to sun art, and its new retail strategy by further integrating online and offline resources in november 2017, alibaba group, auchan retail and ruentex group announced a strategic alliance to digitalize and introduce new retail solutions at.
