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Alibaba Group’s Freshippo Expands Brick and Mortar Presence in China Ahead of Its IPO

Freshippo’s expansion comes three months after its parent company Alibaba revealed its restructuring plans. Freshippo, Alibaba Group’s retail grocery subsidiary, has opened 12 new stores across Mainland China. The stores are strategically located in key cities such as Beijing, Shanghai, and Guangzhou, aiming to cater to the growing demand for high-quality products and exceptional service in the highly competitive grocery market. According to an official press release on June 30, seven of...

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