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Alibaba considers divesting from Intime, Freshippo, and RT-Mart to refocus on e-commerce

Whether Alibaba sells those businesses or not, it’s growingly evident that the Chinese tech giant is shifting its focus from new retail back to e-commerce.

4 mins read
  • In a message to all employees, Yu Yongfu, CEO of Ele.me, sought to quash the rumors before they escalate further.

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    Ele.me CEO Yu Yongfu addresses rumors of potential acquisition by ByteDance’s Douyin

    4 mins read

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