Glamour: Alibaba Group Invests in Luxury Goods Website Mei, Logistics Firm SingPost

RAPAPORT... Ecommerce giant Alibaba Group invested in luxury goods "flash sales" website Mei.com to enhance supply chain services by integrating its business-to-consumer (B2C) platform, Tmall.com, into Mei.com. The group stated that the investment will expand the user and brand base and improve logistic and IT infrastructure services for both properti...