US stocks drop on Monday on coronavirus fears, European banks, Alibaba’s push into grocery delivery
FT News Briefing
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Alibaba's Grocery Gamble
This chapter explores Alibaba's strategic acquisition of a stake in China's second-largest supermarket chain, highlighting its focus on grocery as a key growth area during the pandemic. It discusses the competitive landscape for grocery delivery in China and the challenges faced by both foreign and local supermarket chains amidst increasing market competition.
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Transcript
