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Tuesday, May 29, 2018

Alibaba leads consortium in $1.4 billion deal for stake in Chinese courier ZTO

  Mian Adeel Soomro       Tuesday, May 29, 2018
SHANGHAI (Reuters) - Alibaba Group Holding Ltd on Tuesday said it has led a consortium of investors to buy about 10 percent of Chinese courier ZTO Express (Cayman) Inc for $1.38 billion, as part of the e-commerce firm's push into offline services.


from Reuters: Business News https://ift.tt/2LG8byn
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Thanks for reading Alibaba leads consortium in $1.4 billion deal for stake in Chinese courier ZTO

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