Alibaba Merges Fliggy and Ele.me to Strengthen Core E-Commerce Platform

Alibaba Group Holding Limited (NYSE:BABA) ranks among the best FAANG stocks to buy according to hedge funds. Alibaba Group Holding Limited (NYSE: BABA) announced on June 23 that it will combine its online travel agency, Fliggy, and food delivery platform Ele.me into its core e-commerce business. The change, according to the company, was a “strategic upgrade” as it moves from a standard e-commerce company to a more comprehensive platform that is centered on customers.

Alibaba Group Holding Limited (NYSE: BABA) views e-commerce as essential to its future expansion, both domestically and internationally. To that end, the company intends to improve AI-driven search and suggestions, as well as monetization capabilities, to increase the quality of consumption rather than just volume. It is expected that growing cross-border demand will also help its international platforms, such as AliExpress and Lazada.

Alibaba Group Holding Limited (NYSE:BABA) is an e-commerce and technology company that caters to small business owners and consumers. The company is also a pioneer in cloud computing, logistics, and digital media.

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