Date
21 July 2018

Alibaba seeks to revolutionize e-commerce sector, Reuters says

With an extra US$15 billion or so from a likely IPO, Alibaba and partners such as delivery service firms and life insurers will pump cash into revamping China’s fragile supply chains and big new data centers to process consumer information, Reuters reported Sunday. While Alibaba sees itself as a catalyst for change, its plans also lay the groundwork for retail rivals to chip away at its business further down the line, the report said. By encouraging retailers to be more Internet-savvy, and by building the networks to distribute goods nationwide, Alibaba is showing brick-and-mortar rivals how to grow online without depending on its sites, it said.

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