With facial recognition payments and 30 minute online deliveries, this supermarket chain is about being ‘insanely convenient’ for the client.
This story originally appeared on Business Insider
By Harrison Jacobs
With a valuation over $500 billion, Chinese tech giant Alibaba is second and then Amazon in e-commerce. But it’s seeking the offline world to keep growing.
A long time before Amazon purchased Whole Foods for $13.7 billion, Alibaba was forging into physical retail with investments in supermarket SunArt, department store operator InTime, electronics seller Suning, and furniture store EasyHome, amongst others. Overall, Alibaba has spent $10 billion on traditional retailers since 2016.