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Alibaba Turns Local Shops Into Taobao Hubs In Fresh Challenge To JD.com And Meituan
benzinga.com/markets/tech/25/11/48584551/alibaba-turns-local-shops-into-taobao-hubs-in-fresh-challenge-to-jd-com-and-meituan
Alibaba Group Holding Ltd (NYSE:BABA) launched a 2 billion yuan ($281 million) investment on Friday to build a nationwide network of Taobao-branded convenience stores that will support its fast-growing instant commerce and on-demand delivery business, Taobao Shangou.
Instead of opening…
This story appeared on benzinga.com, 2025-11-03 10:11:37.