2017年CRI Alibaba reportedly to build its own brick-and-mortar mall

 

Chinese e-commerce giant Alibaba is reportedly building its own brick-and-mortar mall in Hangzhou, where Alibaba's headquarters are located.

The 5-story shopping center, called "More Mall," is being built on a 40,000-sqaure-meter plot of land, and is scheduled to open in April.

The move is reportedly part of Alibaba's "new retail¹" strategy to blend online, offline, logistics and data units across a single value chain.

Under the initiative, the e-commerce giant is moving fast into offline spaces to help remake traditional retailing².

For more on the issue, the Beijing Hour's Shane Bigham spoke³ earlier with Doug Young, company news chief with the English edition of Caixin.

Doug Young, company news chief with the English edition of Caixin, speaking with the Beijing Hour's Shane Bigham.

1 retail   

v./n.零售；adv.以零售价格

参考例句：

• In this shop they retail tobacco and sweets.这家铺子零售香烟和糖果。
• These shoes retail at 10 yuan a pair.这些鞋子零卖10元一双。

2 retailing   

n.零售业v.零售(retail的现在分词)

参考例句：

• career opportunities in retailing 零售业的职业机会
• He is fond of retailing the news. 他喜欢传播消息。 来自《简明英汉词典》

3 spoke   

n.（车轮的）辐条；轮辐；破坏某人的计划；阻挠某人的行动 v.讲，谈（speak的过去式）；说；演说；从某种观点来说

参考例句：

• They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
• The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。