Alibaba banking on lower-tier cities
By He Wei in Shanghai | China Daily | Updated: 2019-08-27 07:24
E-commerce giant pump primes Juhuasuan to cash in on abundant opportunities
Times are changing fast at e-commerce behemoth Alibaba Group Holding Ltd. While store-openings from a range of global brands like Burberry to Ferragamo were the norm earlier, they have since been replaced by deals, bargains and growth in lower-tier cities.
Against flattened economic growth and brutally aggressive competition, Alibaba is now giving unprecedented priority to Juhuasuan, its group-buying and flash-sale platform, repositioning it as the top destination for consumers from smaller cities and townships.
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