Alibaba Group Holding Ltd. expects pure e-commerce operators to face ‘tremendous challenges’ as the web giant seeks to tap more growth from transforming China’s $4.5 trillion traditional retail industry.
China’s largest e-commerce company plans to upgrade retail businesses and improve efficiency across product manufacturing, distribution and service, Chief Executive Officer Daniel Zhang said in an e-mailed letter to shareholders on Thursday. The company is working with partly-owned Suning Commerce Group Co. and Intime Retail Group Co. to integrate the online experience with brick-and-mortar shopping.
October 16, 2016
With more than 20 years of experience, I've been working for developing & planning new business model, strategy, mobile application and its implementation including online marketing, SNS marketing and also an inventor for innovative service platform.