techcrunch.com
Alibaba pays $807M to take majority ownership in logistics affiliate Cainiao
#HTE
Alibaba is getting serious about logistics after it agreed to invest RMB 5.3 billion ($807 million) in order to take majority ownership in subsidiary company Cainiao. Cainiao was created four years ago alongside eight other backers to bring organization in Chinese logistics, particularly around e-commerce deliveries. The company raised its first outside funding in March 2016 —… Read More
https://techcrunch.com/2017/09/26/alibaba-majority-ownership-cainiao/?ncid=rss
Alibaba is getting serious about logistics after it agreed to invest RMB 5.3 billion ($807 million) in order to take majority ownership in subsidiary company Cainiao. Cainiao was created four years ago alongside eight other backers to bring organization in Chinese logistics, particularly around e-commerce deliveries. The company raised its first outside funding in March 2016 —… Read Morehttps://techcrunch.com/2017/09/26/alibaba-majority-ownership-cainiao/?ncid=rss