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Alibaba Group Holding Ltd. is leading the purchase of 10 percent of Chinese delivery service ZTO Express (Cayman) Inc. for $1.38 billion, a deal that’ll augment the e-commerce giant’s ability ...
SHANGHAI/SINGAPORE (Reuters) - Alibaba-backed YTO Express plans to go public via a 17.5 billion yuan (2 billion pound) merger with a listed clothing maker, becoming the latest courier seeking ...
Alibaba strengthens logistics network by investing US$966 million in YTO Express, doubling its stake
Chinese e-commerce giant Alibaba Group Holding has invested an additional 6.6 billion yuan (US$966 million) in YTO Express, more than doubling its stake in the major Chinese courier from 10.5 ...
Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox. Sign up Alibaba’s logistics arm, Cainiao, on Wednesday ...
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