Robots whirr around, shifting fabrics and clothing, on the evening before Singles’ Day at the Hangzhou site for Xunxi, Alibaba’s first wholly-owned smart factory. The site is one of three plants Alibaba has launched under its manufacturing division, which marks the company’s latest foray into the offline world as it seeks to diversify from e-commerce. Speaking at a media briefing during Alibaba’s annual shopping festival, CEO Alain Wu said Alibaba established Xunxi to help China’s small merchants respond to consumer demand more quickly. …read more
Source:: Yahoo Finance
