Retail Asia19/11/2019
2min0
Alibaba has invested an additional RMB23.3 billion (US$3.3 billion) to increase its equity stake in Cainiao Smart Logistics Network from approximately 51 percent to about 63 percent. The investment was made by subscribing for newly issued Cainiao ordinary shares in its latest financing round and purchasing some equity interest from an existing Cainiao shareholder. Other […]