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May 16, 2019 08:40 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/WCpOkTvv1yE/
Alibaba invests about $635M in Red Star Macalline, one of Chinas largest furniture sellers
Alibaba Group has acquired about RMB 4.36 billion ($635 million) worth of convertible bonds in Red Star Macalline, one of Chinas biggest furniture retailers. If converted, this would give Alibaba about a 10 percent stake in the company. It also purchased 3.7 percent of Red Star Macallines publicly traded shares on the Hong Kong stock […]Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/WCpOkTvv1yE/
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