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Alibaba Forms Partnership With Supermarket Operator Bailian Group

Chinese tech giant Alibaba Group Holdings Ltd has formed a strategic partnership with supermarket operator Bailian Group.

Reuters

Updated:February 20, 2017, 9:41 AM IST
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Alibaba Forms Partnership With Supermarket Operator Bailian Group
An employee is seen behind a glass wall with the logo of Alibaba at the company's headquarters on the outskirts of Hangzhou, Zhejiang province, April 23, 2014. REUTERS/Chance Chan/Files

Chinese tech giant Alibaba Group Holdings Ltd has formed a strategic partnership with supermarket operator Bailian Group, extending its push into bricks-and-mortar retail as online growth slows.

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Alibaba has also struck a recent deal for a stake in retailer Suning Commerce Group Co Ltd and is seeking to take a controlling stake in Intime Retail Group Co Ltd.

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Bailian and Alibaba will initially cooperate on supply chain technology using Alibaba's big data capabilities as well as integrating Alipay payments with Bailian Group's existing membership program.

Read more: Huawei Pips Vivo, Oppo to Top China's smartphone shipments in Q4 2016

 

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