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74.5 billion in 4 years, Ali bought China's largest offline retail business

Dec 06, 2017

RMB 73.5 billion, the latest investment in offline retail by Alibaba, equivalent to the sum of its operating profit for the last six quarters.

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The latest of these occurred on November 20. Alibaba.com announced that it will acquire a 36.16% stake in Gaoxin Retail for 22.4 billion Hong Kong dollars (about 19 billion U.S. dollars).

 

Gao Xin retail hypermarkets Auchan, RT-Mart operators, opened in mainland China has 446 physical stores. Ma's e-commerce company has become the second largest shareholder of Gaoxin, only 0.01% less than the largest shareholder of the European market.

 

Zhang Yong, CEO of Alibaba, used "marriage" to describe the cooperation between the two companies. "Today is the wedding ceremony. In fact, we always say that the key marriage is very important. However, we have already talked about how to live after marriage. Very specific. "

 

At a press conference where Alibaba and Bailian announced their cooperation nine months ago, Zhang Yong used the same analogy - "I think today is a brand new starting point and the first stop of the new retail year. Today, we have successfully held a wedding ceremony. "


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