SHANGHAI (Reuters) -Chinese e-commerce giant Alibaba said Monday that its Taobao Instant Commerce portal, which delivers items within 60 minutes, has surpassed 40 million daily orders within a month of launching. The portal brings merchants from Alibaba’s food delivery arm Ele.me onto its main domestic shopping app, Taobao, and is part of a broader move […]
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Alibaba’s new ‘instant commerce’ portal passes 40 million daily orders
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SHANGHAI (Reuters) -Chinese e-commerce giant Alibaba said Monday that its Taobao Instant Commerce portal, which delivers items within 60 minutes, has surpassed 40 million daily orders within a month of launching.
The portal brings merchants from Alibaba’s food delivery arm Ele.me onto its main domestic shopping app, Taobao, and is part of a broader move among Chinese online platforms in recent months to invest billions in so-called “instant retail”.
(Reporting by Casey Hall; Editing by Toby Chopra)