BEIJING—Alibaba Group Holding Ltd. has become the majority owner of its logistics affiliate, a move that could allay concerns over financial transparency that drew the attention of U.S. securities regulators last year.
Alibaba is investing 5.3 billion yuan ($800.8 million) to raise its stake to 51% from 47% in Cainiao Smart Logistics Network Ltd. It will also invest 100 billion yuan ($15.11 billion) over the next five years to build...
Read Full Article Alibaba Takes Control of Logistics Business as It Seeks Global Expansion : http://ift.tt/2htYWqB
Bagikan Berita Ini
0 Response to "Alibaba Takes Control of Logistics Business as It Seeks Global Expansion"
Post a Comment