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August 10, 2015 09:13 am GMT
Alibaba may be using the internet to let merchants reach Chinese consumers, but the e-commerce giant still retains an interest in brick and mortar retail. How much of an interest, you ask? Enough to invest RMB28.3 billion (that’s around $4.63 billion) in retail giant Suning, an offline rival to its business. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/0V-53YQQBDM/
Alibaba Buys 20% Of Chinese Retail Giant Suning For $4.6B
Alibaba may be using the internet to let merchants reach Chinese consumers, but the e-commerce giant still retains an interest in brick and mortar retail. How much of an interest, you ask? Enough to invest RMB28.3 billion (that’s around $4.63 billion) in retail giant Suning, an offline rival to its business. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/0V-53YQQBDM/
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