Alibaba pays nearly $1B to increase its stake in the Chinese courier group YTO Express from 10.5% to 22.5% (Ryan McMorrow/Financial Times)

Ryan McMorrow / Financial Times:
Alibaba pays nearly $1B to increase its stake in the Chinese courier group YTO Express from 10.5% to 22.5%  —  Ecommerce giant pays nearly $1bn to boost holding in YTO as it tries to speed up delivery  —  Alibaba is stepping up efforts to tighten control over its logistics network …

from Techmeme https://ift.tt/3lOctG6
via IFTTT