Alibaba Invests $4 Billion and May Surpass Walmart in Sales

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Alibaba Group and its financing partners plan to invest 30 billion yuan ($4.5 billion USD) to build warehouses across China. The reason? Alibaba wants to meet a 10-year goal of delivering any online order in China within eight hours. It’s an ambitious goal. The warehouses will occupy 3 million square meters (560 American football fields) […]

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