Alibaba builds its own shopping center

The Chinese online retailer Alibaba began construction of its own shopping center in China, in the city of Hangzhou. The complex will be called More Mall and will be located on a plot of 40 thousand square meters. The opening is scheduled for April 2018. The main idea of the shopping center is that it will feature products sold exclusively through Alibaba, as well as new technologies will be presented in the center, for example, high-tech mirrors for testing make-up and virtual fitting rooms.

Over the past week, shares of Alibaba grew by 4.5% and will continue to grow. The trade will be available during the American session, from 13:40 to 20:00 (GMT).

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