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BABA-W to Keep Bold Efforts in Taobao Instant Commerce, Unconcerned About Losses for 3 Yrs
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The core management of BABA-W (09988.HK) stated in an internal meeting at the beginning of 2026 that the team is encouraged to continue bold efforts in quick commerce without worrying about losses in three years, according to Chinese media LatePost. Prior to this, Alibaba's founder, Jack Ma, had remarked internally that Taobao Instant Commerce is a milestone battle for the group. The investment in Taobao Instant Commerce for the entire year of 2026 will exceed that of the previous year, with a focus on quick commerce, report said. It was clarified in internal communications that the emphasis of Taobao Instant Commerce is on the food delivery business, which should be conducted with restraint and purpose. The focus is on orders with a high customer unit price of over RMB30 and enhancing the precision of delivery operations in multiple dimensions. AASTOCKS Financial News Website: www.aastocks.com |
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