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Alibaba leads consortium in $1.4 billion deal for stake in Chinese courier ZTO

reuters | Posted on 2018-05-29 06:59 PM

SHANGHAI (Reuters) - Alibaba Group Holding Ltd on Tuesday said it has led a consortium of investors to buy about 10 percent of Chinese courier ZTO Express (Cayman) Inc for $1.38 billion, as part of the e-commerce firm's push into offline services.

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