Alibaba to buy 10.35% stake in SingPost with US$249 investment

How will this help the two companies to reach new heights internationally? In a bid to tap into e-commerce opportunities in Southeast Asia and beyond, Chinese e-commerce firm Alibaba Group Holding Limited (Alibaba Group) has today announced its investment agreement with Singapore Post Limited (SingPost). The former will invest S$312.5 million (US$249 million) to purchase Read the full article...



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