SHANGHAI/SINGAPORE (Reuters) - Alibaba-backed YTO Express plans to go public via a 17.5 billion yuan ($2.7 billion) merger with a listed clothing maker, becoming the latest courier seeking capital ...
Alibaba Group, China's largest e-commerce company, has proposed to purchase a 14 percent stake in STO Express, one of the largest courier service providers in the country, to further strengthen its ...
Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox. Sign up Alibaba’s logistics arm, Cainiao, on Wednesday ...
SHANGHAI (Reuters) - Alibaba Group Holding Ltd will take a 14 percent stake in STO Express Co Ltd through a $693 million deal, the e-commerce giant's fourth significant investment in a Chinese courier ...
Alibaba is in talks with YTO Express Group's founders to raise its stake in the Chinese courier company with an aim to become the top shareholder, two people told Reuters, as it accelerates ...
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