2018, Alibaba Will Build Its First Mall

INDUSTRY.co.id - Jakarta - Jack Ma, the founder of Alibaba will build a shopping mall called More Mall in Hangzhou city of China in April 2018. Alibaba started a new strategy to be physically present in China.

Reported from CNBC reportedly the first five-storey mall that will only accommodate Alibaba brand like Tmall and Taobao markets along with Hema grocery business. Unlike traditional malls, the mall is controlled by this gigantic technology that has fitted and dressing rooms, among them.

This strategy will combine online, offline, logistic, and data units in a single value chain, says Jack Ma. Alibaba will include new retail technology into the More Mall, including high-tech makeup test mirrors and virtual fitting spaces.

The mall was built on an area of ​​40,000 meters of synergy and is scheduled to open in April 2018. Currently construction workers are in the process of completing the interior of the More Mall building. In America, Amazon also began to appear offline after a retail chain store Whole Foods store that indirectly hurt other wholesale retailers.

Currently e-commerce contributes about 15 percent of China's total retail. It is also a milestone that marks the maturity of the online-to-offline business model (O2O), he said