singpost

  • Alibaba Ramps Up Its Asian Logistics With A $249M Investment In SingPost

    Alibaba Ramps Up Its Asian Logistics With A $249M Investment In SingPost

    Alibaba, the Chinese e-commerce giant, is today taking a play from the books of Amazon and eBay as it makes a key move to expand its presence across other countries in Asia. Today the company,¬†gearing up for an IPO in the U.S., announced that it would invest¬†312.5 million Singapore dollars (U.S. $249 million) to take a 10.35% stake in Singapore Post Limited (SingPost). “We are excited… Read More