Alibaba Group Holding's latest investment in Chinese courier company STO Express comes after China's largest e-commerce company has its new retail strategy to integrate online and offline shopping. The investment in Shanghai's STO Express headquarters is 4.6 billion yuan ($ 693 million). Alibaba's fourth investment in an express courier company. Before STO Express, Alibaba took minority interests in Chinese courier companies YTO Express, ZTO Express and Best Inc. New York-listed Alibaba.
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