Alibaba Buys 20% Of Chinese Retail Giant Suning For $4.6B
August 10, 2015 at 05:13 AM EDT
Alibaba may be using the internet to let merchants reach Chinese consumers, but the e-commerce giant still retains an interest in brick and mortar retail. How much of an interest, you ask? Enough to invest RMB28.3 billion (that’s around $4.63 billion) in retail giant Suning, an offline rival to its business. Read More
