• Alibaba Has Ambitious, Amazon-Like Offline Plans

    9 monthes ago - By Fortune

    When news broke in late November that Alibaba baba was investing nearly $3 billion for a 36% stake in China "hypermart" operator Sun Art Retail, it looked like the Chinese e-commerce titan was stealing a page from Amazon's playbook. Amazon amzn
    , after all, had months earlier stunned U.S. supermarket operators by snapping up high-end grocer Whole Foods for more than $13 billion .
    In fact, Alibaba already was further along the online-to-off-line curve than its U.S. doppelg?nger. The Chinese behemoth has been thinking about physical retail for years, part of an effort to attract customers to...
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