BABA-SW Fully Upgrades Taobao's 'Xiaoshida', Inks Deep Co-op with Ele.me

　　BABA-SW (09988.HK) +1.900 (+2.697%) Short selling $238.35M; Ratio 15.885% (BABA.US) 's Taobao Tmall Group announced that, in order to promote the “user first” strategy and enhance the synergy between the instant delivery business of Ele.me and Taobao in the instant retail service, BABA-SW will comprehensively upgrade the Taobao's “Xiaoshida” business and will also cooperate with Ele.me in depth.

　　Merchants on the Ele.me retail platform will be able to directly access the “Xiaoshida” channel on the Taobao App, covering categories such as supermarkets, convenience stores, pharmacies, fruits and vegetables, wine and beverages, flowers and green plants, providing users with 24-hour local lifestyle services.

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　　“Xiaoshida” is open to all brands and merchants on Taobao Tmall. Merchants with local warehouses that can meet the needs of users for instant delivery can sign up to join. Currently, brands such as Hema, SUNART RETAIL (06808.HK) -0.010 (-0.699%) Short selling $103.73K; Ratio 7.473% 's RT-Mart, NONGFU SPRING (09633.HK) -0.100 (-0.280%) Short selling $55.76M; Ratio 34.423% , Heineken and more have all opened “Xiaoshida Flagship Stores.”

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-03 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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