While new retail initiatives are adding to alibaba's revenue, they are also weighing on its gross margin, as the company has to invest a lot in these alibaba's comments on new retail during the last earnings call confirmed that it's going all in.
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Alibaba, bailian group announce new retail strategic partnership. Over the next several years you'll see an unfolding of. There have been multiple debates of offline versus online and physical versus digital.
It is what you get if you take all functions associated with retail and coordinate them online.
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