New Retail Is about Fresh Mindset, Says Alibaba
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China Daily FBIF食品饮料创新 Mike Hu, president of Tmall fast-moving consumer goods at Alibaba Group, delivers a speech at the Food and Beverage Innovation Forum 2018 in Shanghai on April 19, 2018. [Photo provided to chinadaily.com.cn] Chinese internet giant Alibaba refers new retail to a fresh mindset, aiming to provide a better solution through integrating brands, platforms and retailers and connecting consumers online and offline. In a speech at the Food and Beverage Innovation Forum 2018 in Shanghai , Mike Hu, president of Tmall fast-moving consumer goods at Alibaba Group, explained the concept that was proposed by the group's Founder and Chairman Jack Ma two years ago. Hu said on the sidelines that the group's online and offline businesses involving Hema Fresh, Tmall, RT-Mart, Suning Commerce, and Intime Retail Group have all been in the retail experiment. Alibaba's new retail banks on increasing deals rather than competing against the existing...