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Alibaba's Jack Ma Sets His Sights on a New Target
After conquering grocery deliveries, Alibaba Group Holding Ltd. is setting its sights on a new part of China’s $4 trillion retail sector: department stores.
Fonte: Bloomberg Technology
The e-commerce giant, which is also venturing into cloud computing and entertainment, is increasingly looking at traditional brick-and-mortar businesses, Chairman Jack Ma, Vice Chairman Joseph Tsai and Chief Executive Officer Daniel Zhang said in interviews with Bloomberg News on the company’s 18th anniversary. Alibaba, started in Ma’s apartment in 1999, is worth $458 billion today.
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