Alibaba to incubate over 100,000 online stores
[Photo/Facebook account: Zhejiang, China]
A fashion show was held at the Xunxi Digital Factory in Hangzhou, Zhejiang province on Sept 22. At the show, Alibaba Group announced that it would incubate over 100,000 new online stores in the fashion industry and help 30,000 online clothes retailers achieve annual revenues of 1 million yuan ($147,200).
Part of Alibaba's smart manufacturing initiatives, Xunxi Digital Factory offers small and medium-sized enterprises a digitalized end-to-end manufacturing supply chain that enables fully-customized and demand-driven production.
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