Woori Bridgewater Brokerage Discusses Alibaba and the Deepening Retail Tie-up with Chinese Supermarket

HONG KONG, Feb. 22, 2017 /PRNewswire/ -- Alibaba Group Holding Ltd. is collaborating with Shanghai Bailian Group Co., one of China's biggest general store and retail chains, as Jack Ma quickens a push to utilize innovation to shake up outdated retail.

"Alibaba wants to help update some of Bailian's 4,700 stores the nation over, coordinating everything from client relations to installment and coordinations in a way like its tie-ups with different players, for example, gadgets chain Suning Commerce Group Co.," notes Oliver Johnson, Director of Corporate Equities from Woori Bridgewater Brokerage.

The online big-hitter that vanquished eBay and Amazon in China has set its sights on utilizing its information and innovation to change the $4 trillion universe of household physical retail. In its greatest old-economy bargain, Alibaba is driving an offer to purchase retail chain Intime Retail Group Co. for as much as $2.6 billion. Their billionaire fellow founder needs to assemble a system that will permit stores and brands to screen exchanges as they happen, freeing layers of merchants so that retail outlets can put orders online proressively.

"Our association with Bailian is a critical breakthrough in the advancement of Chinese retail, where the qualification amongst physical and virtual business is getting to be distinctly out of date," Daniel Zhang, Alibaba's CEO, said in a messaged articulation.

Amazon.com Inc. is likewise quick to show how innovation can change the deeply rooted shopping background. It divulged Amazon Go in December, permitting Seattle customers to get staple goods without holding up in checkout lines as their record is naturally charged when they exit. Like Alibaba, the U.S. web based business titan has broad experience working with reams of important client and inventory network information and shopping designs.

"With Bailian, Alibaba will tap a system of 4,700 stores crosswise over 25 Chinese regions. Aside from Intime, the Hangzhou, China-based organization has as of now put resources into retail administrators including Suning and Sanjiang Shopping Club Co. to further its alleged new retail analysis," commented David Fraser, Head of Corporate Trading at Woori Bridgewater Brokerage.

Alibaba won't take a stake in Bailian. In any case, the match will coordinate their participation databases and utilize facial acknowledgment innovation to enhance customers' encounters, the organization said in an email. Alibaba's online installments framework, Alipay, will be accessible at all Bailian stores. The web-based business mammoth's conveyance member - Cainiao Smart Logistics Network Ltd. - will work with Bailian to substance out conventions that make the framework more effective.

About Woori Bridgewater Brokerage:  Woori Bridgewater Brokerage is a full service advisory investment company whose primary goal is to ensure that capital is managed effectively and professionally while focusing on maximizing growth and minimizing risk.

Our company was founded in 2011, and is strategically positioned with its retail private client services based in Toronto, Canada and our Corporate Department in Seoul, Korea. We have over a decade of experience working within the markets at a global level, effectively managing over $5.25 billion in assets and growing. We offer a full service and we execute trades with precision, attention and dedication, always backed up with dedicated research.

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