Easyhome: Alibaba to pay US$870m for 15% of Easyhome

ALIBABA is to pay 5.5 billion yuan (US$870 million) to buy a 15 percent stake in Easyhome, a domestic home improvement chain. Alibaba will help digitalize Easyhome's outlets and "improve customer experience," under an agreement, Alibaba sources said. Beijing-based Easyhome had 223 outlets in the country at the end of 2017, with sales of over [...]The post Alibaba to pay US$870m for 15% of Easyhome appeared first on US-China Investment News | Finance, Tech & Real Estate.