Alibaba goes outside. How Internet giants will change offline trade
Following Amazon Alibaba spends billions on the purchase of traditional hypermarkets. What will come of it? MAIN Founder of Alibaba Jack Ma. Photo: kremlin.ru /( cc by 4.0 ) This morning, Alibaba Group announced the purchase for $ 2.9 billion 36% of the shares of Sun Art Group, which controls Auchan hypermarkets in China. In total, since 2015, Alibaba spent $ 9.3 billion on offline, and American Amazon - $ 13.4 billion for the purchase of the Whole Foods grocery stores alone.