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Alibaba: ‘Instant Commerce' Market Could Draw ‘Every Person in China'
PYMNTS.com· 2025-05-15 17:10
Last month, Chinese tech conglomerate Alibaba debuted a fast delivery service it dubbed “instant commerce.”On the company’s earnings call Thursday (May 15), analysts wanted to know: Why now, especially given recent intensification in the food delivery space?Fan Jiang, CEO of the company’s eCommerce segment, argued the company has some notable advantages, having built up its delivery capabilities for years, while also investing in and developing the Freshippo grocery chain.“One thing to note about this insta ...