FashInvest Blog Alibaba Makes Key Investment to Strengthen Retail Strategy

Alibaba Group Holding Limited has announced that as a further step to implement its new retail strategy, the company has agreed to make an additional investment of $807 million to increase its ownership of Cainiao Smart Logistics Network Limited, the logistics affiliate of Alibaba, to a majority stake of 51%. Alibaba also announced its intention ...The post Alibaba Makes Key Investment to Strengthen Retail Strategy appeared first on FashInvest.