Posts Tagged ‘Singapore Telecommunications Ltd’

Alibaba to buy SingPost stake for $249 million to boost e-commerce logistics

May

2014

A unit of Chinese e-commerce giant Alibaba Group Holdings Ltd will buy a minority stake in Singapore Post Ltd for S$312.5 million ($249 million) to help set up an international e-commerce logistics business. Alibaba will buy a 10.35 percent stake in Singapore Post (SingPost) in the enlarged capital of the firm, the companies said in […]

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Posts Tagged ‘Singapore Telecommunications Ltd’

Alibaba to buy SingPost stake for $249 million to boost e-commerce logistics

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