Alibaba’s Freshippo Reports Profits for Four Consecutive Months

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TMTPOST--Freshippo, Alibaba Group’s proprietary retail chain for groceries and fresh goods, has reported profits for four consecutive months, marking a significant turnaround for the company.In 2022, Freshippo sought funding at a $10 billion valuation, but the valuation halved within a year. Despite being one of the first Alibaba units planned for IPO, Freshippo postponed its listing due to poor marke