Kroger is rising on reports it may team up with Alibaba



Kroger, the biggest US grocery chain by sales, is discussing a collaboration with Alibaba in a move to fight back against Amazon, according to a report from the New York Post.

Kroger shares jumped 5.29% to $31.04 in early trading Thursday after the news broke late Wednesday. Alibaba was flat on the news, trading just 0.03% higher to $195.65.

The most popular grocery store in every state:

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The most popular grocery store in every state
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The most popular grocery store in every state

ALABAMA: Publix 

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ALASKA: Safeway 

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ARIZONA: FrysFoodStores 

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ARKANSAS: Harps Food Stores

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CALIFORNIA: Trader Joe's

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COLORADO: King Soopers

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CONNECTICUT: Whole Foods Market 

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DELAWARE: Food Lion Grocery Store 

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WASHINGTON, D.C.: Whole Foods Market

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FLORIDA: Publix 

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GEORGIA: Publix 

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HAWAII: Safeway 

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IDAHO: Albertsons

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ILLINOIS: Jewel 

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INDIANA: Kroger 

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IOWA: Hy-Vee 

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KANSAS: Hy-Vee

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KENTUCKY: Kroger 

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LOUISIANA: Rouses Markets 

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MAINE: Shaw's 

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MARYLAND: Safeway 

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MASSACHUSETTS: Whole Foods Market 

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MICHIGAN: Kroger 

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MINNESOTA: Cub Foods 

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MISSISSIPPI: Kroger 

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MISSOURI: Hy-Vee 

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MONTANA: Albertsons

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NEBRASKA: Hy-Vee

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NEVADA: Albertsons

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NEW HAMPSHIRE: Shaw's 

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NEW HAMPSHIRE: Shaw's 

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NEW MEXICO: Albertsons

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NEW YORK: Whole Foods Market

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NORTH CAROLINA: Food Lion Grocery Store

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NORTH DAKOTA: Hombacher's

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OHIO: Kroger 

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OKLAHOMA: Homeland Stores

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OREGON: Safeway 

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PENNSYLVANIA: Wegmans Food Markets

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RHODE ISLAND: Shaw's

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SOUTH CAROLINA

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SOUTH DAKOTA: Hy-Vee 

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TENNESSEE: Publix

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TEXAS: H-E-B 

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UTAH: Smith's

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VERMONT: Shaw's 

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VIRGINIA: Food Lion Grocery Store 

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WASHINGTON: Safeway

Photo credit: Reuters 

WEST VIRGINIA: Food Lion Grocery Store

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WISCONSIN: Pick 'n Save 

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WYOMING: Albertsons

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Details of a potential relationship between the two companies are still unclear, but Kroger officials met with Alibaba executives in China last month, according to the Post. Alibaba operates a high-tech chain of grocery stores in China that could help Kroger speed up its own technological overhaul.

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Kroger, and many of the other public grocery chains, were hammered after Amazon announced it would purchase Whole Foods for $13.7 billion in June 2017.

Shares of most of the other grocery chains were down in early trading Thursday. Here's a list of some of the most notable.

Read about how customers are finding empty aisles at Whole Foods across the nation since Amazon took over.

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SEE ALSO: 'Entire aisles are empty': Whole Foods employees reveal why stores are facing a crisis of food shortages

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