Alibaba invests in New Hua Du Supercenter

For fresh fruit and vegetable marketing and distribution in Asia
Gabrielle Easter

BY GABRIELLE EASTER

@gab_produceplus

Alibaba invests in New Hua Du Supercenter

China’s leading e-tailer is further investing in bricks-and-mortar

Alibaba invests in New Hua Du Supercenter

Related Articles

E-tail giant Alibaba’s information technology subsidiary has acquired a 10 per cent stake in Chinese retailer New Hua Du as it invests further in its bricks-and-mortar operations.

Both parties will invest Rmb100m (US$15.15m) towards the new joint venture, which will see the companies pool resources and invest in and open new innovative stores.

New Hua Du Supercenter operates supermarkets in China’s Fujian province.

 

 

comments powered by Disqus

Keep informed...