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New Retail Briefing: Alibaba Collaborates With Yiwu City to Build a Digital Trading Platform for SMEs; Xiaolu Clinic Boosts Traditional Chinese Medicine Consultation Services Online

Executive Summary

“New Retail” is a model for integrating online retail, offline retail and logistics across a single value chain powered by data and technology. In this biweekly series, we cover important developments in New Retail in China and beyond. Here’s what’s happening:

  • Alibaba will build a digital trading platform for merchants in Yiwu – China’s wholesale hub city.
  • Xiaolu Clinic, an online platform that connects traditional Chinese medicine doctors to patients, has received new funds to power growth.
  • Swiss watchmaker Omega has launched a pop-up store on Tmall Luxury Pavilion and started pre-selling its new watch edition exclusively on the platform.

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