Alibaba takes 14% stake in China's STO Express

Source: Dukascopy Bank SA
China's e-commerce giant Alibaba Group Holding is set to acquire a 14% stake in the local courier firm STO Express for $693M, marking its fourth significant investment in the company and sending STO Express's shares up over 10%.
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Mon, 11 Mar 2019 05:28:54 GMT

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Mon, 11 Mar 2019 04:21:35 GMT

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