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Alibaba pays nearly $1B to increase its stake in the Chinese courier group YTO Express from 10.5% to 22.5% (Ryan McMorrow/Financial Times)


Ryan McMorrow / Financial Times:

Alibaba pays nearly $1B to increase its stake in the Chinese courier group YTO Express from 10.5% to 22.5%  —  Ecommerce giant pays nearly $1bn to boost holding in YTO as it tries to speed up delivery  —  Alibaba is stepping up efforts to tighten control over its logistics network …


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