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Alibaba Will Gradually Withdraw from Traditional Brick-and-Mortar Retail Industry

February 9, 2024
in Technology
Alibaba Will Gradually Withdraw from Traditional Brick-and-Mortar Retail Industry
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On February 7th, during the Alibaba Group Holding Limited‘s financial report conference call, Chairman Joseph Tsai responded to the question regarding “selling non-core assets” by stating that since the beginning of the fiscal year 2024, within a span of 9 months, Alibaba has successfully divested $1.7 billion worth of non-core assets. They are also actively exploring options for exiting listed stocks and have established a dedicated team for this purpose.

“At present, Alibaba still has some traditional physical retail businesses on its balance sheet. These are not core focused businesses, so it is reasonable for Alibaba to exit them. However, considering the current market situation, the exit may take time to be realized.”

SEE ALSO: Alibaba Considers Selling Intime Retail in Strategic Shift

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We also support Hindi language, do you want change to it?

हम यह भी हिन्दी भाषा का समर्थन है, आप इसे करने के लिए परिवर्तन करना चाहते हैं?

Yes(ह)

We also support Punjabi language, do you want change to it?

ਸਾਨੂੰ ਇਹ ਵੀ ਪੰਜਾਬੀ ਭਾਸ਼ਾ ਨੂੰ ਸਹਿਯੋਗ ਹੈ, ਤੁਹਾਨੂੰ ਇਸ ਨੂੰ ਕਰਨ ਲਈ ਤਬਦੀਲੀ ਚਾਹੁੰਦੇ ਹੋ?

Yes(ਜ)

We also support Bengali language, do you want change to it?

আমরা বাংলা ভাষা সমর্থন, আপনি এটি পরিবর্তন করতে চান?

Yes(হ)

We also support Burmese language, do you want change to it?

ငါတို့သည်လည်း, မြန်မာဘာသာစကားကိုထောကျပံ့သငျသညျကအပြောင်းအလဲလိုသလဲ

Yes(ဟုတ်ကဲ့)

We also support Nepali language, do you want change to it?

हामी पनि नेपाली भाषा समर्थन, तपाईं यसलाई परिवर्तन गर्न चाहनुहुन्छ?

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We also support Tagalog language, do you want change to it?

Sinusuportahan din namin ang Tagalog wika, ang gusto mong pagbabago dito?

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We also support Malay language, do you want change to it?

Kami juga menyokong bahasa Melayu, adakah anda mahu perubahan kepadanya?

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We also support Indonesian language, do you want change to it?

Kami juga mendukung bahasa Indonesia, apakah Anda ingin perubahan untuk itu?

Yes(Iya)

We also support Thai language, do you want change to it?

นอกจากนี้เรายังสนับสนุนภาษาไทย, คุณต้องการที่เปลี่ยนแปลงไปได้หรือไม่

Yes(ใช่)

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