How is Alibaba's Quick Commerce Shaking up the Market?
· Source: supplychaindigital.com
In short
Alibaba has surpassed analysts' expectations for quarterly revenue, reporting 247.80 billion yuan (US$35bn) driven by one-hour delivery options and AI infrastructure investments. The company is aggressively investing 380 billion yuan in AI and cloud infrastructure over three years to maintain competitive advantage in quick commerce. Despite a 53% fall in net profit due to heavy investments, analysts believe these will yield long-term advantages as Alibaba shifts focus to consumer-facing operations.
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Tags: logistics, delivery, AI, ecommerce, supply-chain, automation