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Alibaba strengthens tie-up with SingPost

Chinese e-commerce giant boosting its stakes in SingPost and unit through US$206.45m initiatives
Thursday, July 9, 2015 - 05:50
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Mr Baier: "We are now taking the next step by building a regional e-commerce logistics platform and infrastructure for e-commerce players across Asia Pacific."

Singapore

CHINESE e-commerce giant Alibaba will inject a further US$206.45 million into Singapore Post via a slew of initiatives which could add significant growth momentum to its regional logistics network expansion.

As part of this investment, Alibaba - which had invested US$249