Recently, the circle of friends scraper "new retail" in the end is what? In February 20, 2017, the Alibaba group and Bailian Group announced a strategic cooperation in Shanghai.

New Retail is a term that roughly indicates a combination of the best in physical and online retail. In the words of Jack Ma, founder and chairman of e-commerce behemoth Alibaba Group Holdings Ltd, New Retail is making the distinction between physical and virtual commerce obsolete.

A latest example is a strategic partnership announced in February between Alibaba and Bailian Group Co Ltd, a retail conglomerate headquartered in Shanghai. Under the deal, the duo would leverage their troves of consumer data in order to integrate offline stores, merchandise, logistics and payment tools to deliver a better overall shopping experience.