Freshippo

Alibaba Groceries Arm Freshippo CEO To Retire

Freshippo, the groceries arm of e-commerce giant Alibaba Group, has told its staff that its CEO Hou Yi will step down and retire and be replaced by the uni...

Alibaba Boosts Share Buy Back As Revenues Miss Estimates

China's Alibaba Group Holding missed analysts' estimates for third-quarter revenue, hurt by softness in the retail market and sagging economic recovery in...

Alibaba's Grocery Unit IPO Put On Ice Amid Disappointing Valuation: Report

China's Alibaba Group Holding Ltd is putting a potential Hong Kong initial public offering of its Freshippo grocery chain on hold amid weak sentiment for c...

Rossmann Collaborates With SPAR Austria To Expand Business

German drugstore chain Rossmann has announced a collaboration with SPAR Austria as it seeks to offer its products in more international markets.

Alibaba's Freshippo Seeks Funds At Much Lowered $6bn Valuation, Sources Say

Alibaba's supermarket chain Freshippo is seeking to raise funds at a valuation of about $6 billion (€5.99 billion), much lower than a hoped-for v...

Alibaba Reshuffles Management, CFO Wu To Oversee Strategic Investment Unit

China's Alibaba Group Holding Ltd on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm's strategic acquisitions and investments un...

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