Freshippo, Alibaba Group Holding’s grocery chain known as Hema in its home market, was profitable for nine straight months in 2024, the unit’s chief executive Yan Xiaolei said in an internal ...

Alibaba along with Paytm Mall is all set to acquire around 35% – 40% stake in hyperlocal grocery delivery startup BigBasket against an investment of $300 Mn. As per recent reports, the deal is ...

Alibaba Group Holding Limited (NYSE:BABA) is exploring the sale of several consumer sector assets, including its grocery business Freshippo and retailer RT-Mart, according to familiar sources.

After the close, Reuters reported that Alibaba is considering spinning off its Freshippo grocery chain after yesterday’s rumor it would spin off its In Time department store chain. Clearly ...