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Chairman and CEO Daniel Zhang began pushing a “new retail” strategy aimed at removing barriers between online and offline stores starting around 2016, before he became Ma’s heir apparent.
He went on an acquisition spree to implement the strategy. In 2015, Alibaba poured RMB 28.3 billion into Suning.com, a big retailer. It invested an additional HKD 19.8 billion (USD 2.5 billion) in a major department store two years later, followed by the 20...
He went on an acquisition spree to implement the strategy. In 2015, Alibaba poured RMB 28.3 billion into Suning.com, a big retailer. It invested an additional HKD 19.8 billion (USD 2.5 billion) in a major department store two years later, followed by the 20...
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$AMC Entertainment(AMC.US$ the awesome feeling you get when you wake up to greens
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