SINGAPORE—Chinese Internet giant Alibaba Group Holding will pay about 312.5 million Singapore dollars ($249 million) for a minority stake in Singapore Post Ltd., the city-state’s main postal service, as part of a tie-up to create an international e-commerce logistics business.
The deal follows a string of investments by Alibaba in overseas e-commerce companies in recent years, aimed at boosting the online retailer’s ability to handle international shipments and help customers source for goods from outside China. It would…
Alibaba to Buy Stake in Singapore Post
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