Alibaba merges Fliggy and Ele.me to enhance core e-commerce platform, focusing on quality consumption.

Alibaba Group Holding Limited (NYSE: BABA) merges Fliggy and Ele.me to strengthen its core e-commerce platform. The company aims to enhance AI-driven search and suggestions, as well as monetization capabilities, focusing on quality consumption over volume. This move is part of Alibaba’s strategy to expand domestically and internationally, including through platforms like AliExpress and Lazada.

Alibaba Group Holding Limited (NYSE: BABA) is a leading e-commerce and technology company, focusing on small business owners and consumers. The company is a trailblazer in cloud computing, logistics, and digital media. While BABA shows promise as an investment, some AI stocks may offer greater upside potential with lower downside risk. Explore the best short-term AI stock for growth opportunities.

Alibaba Group Holding Limited (NYSE: BABA) is ranked among the top FAANG stocks to buy according to hedge funds. The company recently announced the merger of its online travel agency, Fliggy, and food delivery platform Ele.me into its core e-commerce business. This strategic upgrade aims to transform Alibaba into a more comprehensive platform centered on customer needs.

Read more at Yahoo Finance: Alibaba Merges Fliggy and Ele.me to Strengthen Core E-Commerce Platform