Alibaba boosts Singapore Post stake, invest in e-commerce unit
July 07, 2015 at 21:17 PM EDT
SINGAPORE, July 8 (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd is investing about S$279 million ($205.98 million) to expand its holdings in Singapore Post Ltd (SingPost) and its e-commerce subsidiary, the two companies said in a statement.
