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May 28, 2014 12:05 pm GMT
Alibaba, the Chinese e-commerce giant, is today taking a play from the books of Amazon and eBay as it makes a key move to expand its presence across other countries in Asia. Today the company,gearing up for an IPO in the U.S., announced that it would invest312.5 million Singapore dollars (U.S. $249 million) to take a 10.35% stake in Singapore Post Limited (SingPost). “We are excited… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-J-K5Tii-Os/
Alibaba Ramps Up Its Asian Logistics With A $249M Investment In SingPost
Alibaba, the Chinese e-commerce giant, is today taking a play from the books of Amazon and eBay as it makes a key move to expand its presence across other countries in Asia. Today the company,gearing up for an IPO in the U.S., announced that it would invest312.5 million Singapore dollars (U.S. $249 million) to take a 10.35% stake in Singapore Post Limited (SingPost). “We are excited… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/-J-K5Tii-Os/
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