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Alibaba extends bricks-and mortar retail push with Bailian deal

National |  Suryaa Desk  | Published :

Hyderabad: Cinese tech giant Alibaba Group Holding Ltd has formed a strategic partnership with retail conglomerate Bailian Group, extending a push into bricks-and-mortar retail as online growth slows.The move comes on the heels of a recent purchase of a stake in retailer Suning Commerce Group Co Ltd as well as plans to take a controlling stake in Intime Retail Group Co Ltd and privatise it.There are currently no plans for financial investment, an Alibaba spokesman said.

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