Alibaba to invest massively in aggressive overseas expansion
September 27, 2017
Alibaba, the Chinese e-commerce giant, has been on an expansion tear, spreading its e-commerce channels to Indonesia, Thailand and the Philippines. Now, the company has revealed plans to greatly step up its overseas efforts by investing the equivalent of $15.12 billion over five years to build out a global logistics network while taking control of Cainiao Smart Logistics Network, a joint venture of top Chinese logistics firms valued at about $20 billion.
Recent News
Peloton CEO Steps Down and Layoffs Begin
Peloton, the popular fitness technology company, has announced significant changes in its leadership and organizational structure.
California Restaurants Must Start Eliminating Special Surcharges
Starting July 1, California is changing the game for restaurant bills.
T-Mobile Now Owns Ryan Reynolds-Backed Mint Mobile
The deal is worth upwards of $1.35 billion.
Chipotle Is Giving Away Over $1 Million in Burritos to Healthcare Workers
In acknowledgment of the tireless contributions of healthcare workers, Chipotle Mexican Grill has announced a notable gesture of appreciation: the distribution of 100,000 free burrito e-cards.