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Alibaba to buy SingPost stake for $249 million to boost e-commerce logistics

2014-05-29 04:06:29| Telecom - Topix.net

A unit of Chinese e-commerce giant Alibaba Group Holdings Ltd will buy a minority stake in Singapore Post Ltd for S$312.5 million to help set up an international e-commerce logistics business.

Tags: buy million boost logistics

Category:Telecommunications

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