22 October,2018 11:16 PM IST | Beijing | IANS
Jack Ma, Alibaba co-founder
Chinese trade portal giant Alibaba has launched Global Shopping Festival in Beijing that seek to offer consumers high-quality products, fast and reliable services, it said on Monday.
The 10th edition of the festival would be the largest-ever in terms of scale and reach and 500,000 items would be available for pre-order, as per a statement.
It said the festival demonstrated Alibaba's new retail strategy - the convergence of online and offline retail through technology.
"Over the last two years, we have pioneered the concept of 'New Retail' to accelerate the digital transformation of the offline. We are excited by the impressive results achieved to date," the statement quoted Alibaba Group CEO Daniel Zhang as saying.
ALSO READ
Video shows NY officer fatally shooting 13-year-old
Israeli airstrike on journalist compound in Lebanon kills 3 TV staffers
Ten TTP militants killed by law enforcement agencies in Pakistan's Punjab
Turkiye strikes Kurdish militant targets in Syria, Iraq for second day
Russia ratifies defence pact with North Korea
Catch up on all the latest Crime, National, International, and Hatke news here. Also, download the new mid-day Android and iOS apps to get the latest updates