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Alibaba-linked online grocer buys SunMoon stake

Saturday, October 8, 2016 - 05:50


SUNMOON Food Company, a fresh food distributor, on Friday said it will place out S$15 million in new shares to Shanghai Yiguo E-Commerce, a Chinese fresh food retailer with a "strategic partnership" with Alibaba.

Following the placement, the investor will hold about 51.1

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