On November 9th, a media broke out today that Alibaba has completed its strategic shareholding in the well-known convenience store brand. But Ali responded that he would not comment on market rumors.
According to the “New Distribution” report, Alibaba has completed its strategic shareholding in the well-known convenience store brand Xi Shiduo. Among them, Ali’s investment in the latter amounted to 500 million yuan, accounting for 20%-25% of the shares.
But for this news, Ali responded that he would not comment on market rumors.