Published on 25 Mar 2024 on Benzinga
Alibaba Group Holding Ltd BABA is pausing the operations of Ling Shou Tong (LST), its nine-year-old sourcing platform designed to digitize the supply, inventory, and logistics for small convenience stores.
Effective March 30, the halt is attributed to “business adjustments” and will occur while LST continues to fulfill existing orders and provide after-sales service.