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Brace yourself, Alibaba is coming to S.E.A

  • E-commerce

Alibaba Group bought a 10.35 per cent stake in Singapore Post. This $312.5 million investment will facilitate their presence in South East Asia by tapping on Singpost’s international logistics capabilities, infrastructure and delivery networks and end-to-end solutions. Do you think this will make an impact on the local ecommerce industry?

P.S. Singpost shares increased by 12%, not bad at all.

brace yourself alibaba sea

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