Share

Foes to friends? Alibaba, Suning announce strategic alliance

China’s largest e-commerce company Alibaba has entered into what is being described as a strategic partnership with home appliance retailer Suning Commerce Group. Alibaba will spend 28.3 billion yuan (roughly 4.63 billion US dollars) to buy 19.9% stake in Suning, while Suning will buy at least 27.8 million new shares of Alibaba for 14 billion yuan (2.3 billion US dollars).

Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing

Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8

Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv

Follow us on:
Facebook: https://www.facebook.com/cctvnewschina
Twitter: https://twitter.com/CCTVNEWS
Google+: https://plus.google.com/+CCTVNEWSbeijing
Tumblr: http://cctvnews.tumblr.com/
Weibo: http://weibo.com/cctvnewsbeijing

Leave a Comment