Alibaba takes control of logistics business, pledges $15 billion to expand network
- Tue 26 Sep 2017 06:04:AM
HONG KONG (Reuters) - Chinese e-commerce firm Alibaba Group announced it will invest 100 billion yuan ($15.12 billion) over five years to build a global logistics network and also take control of a $20 billion unit, underpinning an aggressive overseas expansion.
Source: Alibaba takes control of logistics business, pledges $15 billion to expand network
Source: Alibaba takes control of logistics business, pledges $15 billion to expand network