Alibaba Is Still One Step Ahead of Amazon in Brick-and-Mortar
Alibaba (NYSE: BABA) started transforming grocery stores about two years before Amazon (NASDAQ: AMZN) closed on its $13.7 billion acquisition of Whole Foods in late August.
For the past few weeks, Amazon has been transforming Whole Foods' 470 stores across the U.S., Canada, and the United Kingdom, including lowering food prices and selling its Echo devices alongside the organic groceries.
But the U.S. e-commerce giant and Chinese e-commerce giant weren't on a level playing field for long.
Source: Fool.com
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