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