Alibaba and Suning Commerce Enter Into Strategic Alliance
On the afternoon of August 10th, Alibaba group and Suning group announced a comprehensive strategic cooperation. Alibaba Group will invest about 280 billion RMB in Suning for the nonpublic offering, the percentage of issued after the total share capital of 19.99%, becoming the second largest shareholder of Suning group. Both parties will cooperate in the future to provide more comprehensive business services to China and […]