Exclusive Post Alibaba is expanding new retail with $ 693 million in STO Express


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.

As always much information thanks to SOUTH CHINA MORNING POST

Of truth that in my opinion this website is the most complete that I could find on the net.

They have a lot of information on most of the topics of global interest

AND SOMETHING THAT CAN NEVER BE MISSED IS THAT WE ALWAYS THANK ALL OF OUR FOLLOWERS AND NEW VISITORS FOR THE SUPPORT THEY HAVE GIVEN US.

ALSO I INVITE YOU TO SUBSCRIBE TO OUR NEWSLESTER TO OBTAIN THE LAST NEWS

ORIGINAL SOURCE LINK SOUTH CHINA MORNING POST

Leave a Reply