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The two conglomerates have different investment strategies.
This could mean more freedom to test new models in the same area, moving forward.
Founded in 2017, Warung Pintar now has 1150 kiosk partners and aims at more than 5000 by end of this year.
To Alibaba, this investment is about its New Retail plan.
Instead of having customers looking for services, ShuWei wants services to reach customers.
Unlike other convenience stores, BianLiFeng chooses to build up its own logistics team for the food delivery service.
China’s catering industry hits nearly 5 trillion RMB and there are opportunities in different niches.
Even though there’s currently an online retail revolution going on in the region, physical retail is still a massive industry.
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