Alibaba has to change mindset for global expansion, says Jack Ma

Jack Ma
Billionaire Jack Ma, chairman of Alibaba Group Holding Ltd., looks on during news conference in Hong Kong, China, on Tuesday, Nov. 1, 2016. Photographer: Anthony Kwan/Bloomberg

After conquering grocery deliveries, Alibaba Group Holding Ltd. is setting its sights on a new part of China’s $4 trillion retail sector: department stores.

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