You are here

Alibaba boosts its stake in online retailer Zulily to 9.3%

Monday, May 11, 2015 - 05:50
BT_20150511_ALIBABA_1661826.jpg
Alibaba chairman, Jack Ma, has set a goal of getting 50 per cent of sales from outside China.

New York

ALIBABA Group Holding, China's biggest e-commerce company that held its initial public offering last year, bought US$56.2 million of stock in US online retailer Zulily Inc last week, according to a regulatory filing.

The purchases brought Alibaba's holdings of Seattle-

Powered by GET.comGetCom