Articles with tag like: invest

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Alibaba to invest USD 3.3 bln for equity raise in logistics

News | Ecommerce | 11 Nov 2019

Alibaba has announced it would invest an additional CNH 23.3 billion (about USD 3.33 billion) to raise its equity in Cainiao to 63% (from 51%).

Alibaba, logistics, Cainiao, invest, equity, financial round, shareholders, ecommerce