12 August 2015
Chinese ecommerce giant, Alibaba and electronics retailer, Suning have announced plans to buy major stakes in each other, driving logistics collaboration between the companies.
US$6.6 bn deals driving synergies
Alibaba is to buy a 20% share in Suning and in return, Suning will buy a 1% stake in Alibaba; bringing the combined deals to a value of US$6.6 bn. The tie-in will drive synergies bet...