Alibaba said to launch direct online retail model to complement Taobao, Tmall platforms amid increased competition, weak consumer spending

Source: China – South China Morning PostAlibaba Group Holding plans to introduce a direct online retail model to complement the operations of its flagship platforms Taobao Marketplace and Tmall, according to a Chinese media report, in a move that would bolster its core e-commerce business amid increased competition and weak consumer spending on the mainland.A new app, called Mao Xiang in Mandarin, will be launched via Tmall to establish an online retail model in which Alibaba is directly involved in sourcing, buying, storing and…Read More

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