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Alibaba's Logistics Arm Raises Funds From Singapore Investors, Others

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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A logo of Alibaba Group is pictured at its headquarters in HangzhouBEIJING/SHANGHAI (Reuters) - The logistics arm of Alibaba Group Holding Ltd has completed a funding round, China's biggest e-commerce company said on Monday. Investors in the funding round of Cainiao include Singapore's Temasek Holdings [TEM.UL] and GIC Pte Ltd [GIC.UL], Malaysia's Khazanah Nasional Bhd [KHAZA.UL], and China's Primavera Capital, Alibaba said in a statement. Alibaba did not disclose details of how much money Cainiao raised, whether it issued equity shares, or at how much the logistics unit is now valued. ...




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