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Alibaba Aggressively Expands Its Brick-and-Mortar Presence

Leo Sun, The Motley Fool
·5-min read
Alibaba Aggressively Expands Its Brick-and-Mortar Presence
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Alibaba (NYSE: BABA) generates most of its revenue from its e-commerce marketplaces in China, but it's also gradually expanded its brick-and-mortar presence in recent years. It opened its first Freshippo grocery store in early 2016, and the chain now operates 214 stores across China.