Freshippo expands ahead of IPO

Freshippo’s expansion across China has continued with 12 new stores opened across China while its budget brand, Freshippo Outlets, has added five stores.

According to a report from Alizila, Alibaba Group’s grocery chain now has over 300 stores nation-wide and is on the path towards an initial public offering (IPO) by May 2024.

The new stores were opened in eight cities

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