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Posted inHeavy Hitters

Alibaba’s grocery chain Freshippo records first profitability in key segment, eyes expansion in 2023

Freshippo said it achieved profitability with its main grocery brand Hema Xiansheng for the first time in 2022, after seven years of investment, according to an internal letter to employees from Freshippo chief executive Hou Yi seen by local media outlet Jiemian.  Why it matters: At a time when many other tech-funded grocery chains are […]

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