Alibaba Invests US$364 Million in Haier to Boost China Logistics

Posted by Joachim Bartels | Dec 14, 2013 | Alibaba, China, E-Commerce, Online Media - Buyer - Seller Platforms, Uncategorized | 0 |

Alibaba Group and white-goods and electronics manufacturer Haier Group announced this week that the two companies have formed a strategic partnership. They will jointly offer online sales and delivery of household appliances in China.

Under the terms of the deal, Alibaba Group will also invest US$364 million in Haier Electronics. Of that amount, US$240 million will be invested into one of Haier’s logistics-focused subsidiaries. Alibaba will also acquire a 2% stake in Haier Electronics.

Source: Business Strategies Group Hong Kong – www.bsgasia.com

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