Alibaba Aggressively Expands Its Brick-and-Mortar Presence
Alibaba (NYSE: BABA) generates most of its revenue from its e-commerce marketplaces in China, but it's also gradually expanded its brick-and-mortar presence in recent years. It opened its first Freshippo grocery store in early 2016, and the chain now operates 214 stores across China.
But that's not all: It also invested in brick-and-mortar giants like the electronics retailer Suning, the supermarket chain owner Sun Art (OTC: SURRY), and the home furnishings retailer EasyHome. It also formed a joint venture with brick-and-mortar store operator Bailian Group, launched showcase stores for its online products, and acquired the department store chain Intime.
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Source Fool.com
