Published On: Mon, Sep 25th, 2017

Alibaba raising stake in Cainiao to majority, investing US$15 billion to grow logistics – Channel NewsAsia


Alibaba raising stake in Cainiao to majority, investing US$15 billion to grow logistics
Channel NewsAsia
Chinese e-commerce giant Alibaba Group Holding Ltd is raising its stake in logistics affiliate Cainiao Smart Logistics Network Ltd to 51 percent from 47 percent by investing 5.3 billion yuan (US$801.21 million), Alibaba said on Tuesday. FILE PHOTO - A ...

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