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Aggregated China Business Blogs
Alibaba, Suning Form Strategic Alliance, Create O2O Giant
Aggregated Source: China Money Network
Alibaba Group Holding Limited and Suning Commerce Group Limited have agreed to form an extensive strategic alliance to create a far-reaching O2O (online-to-offline) e-commerce platform, according to a company announcement. Alibaba says it will invest approximately RMB28.3 billion (US$4.63 billion) for a 19.99% stake in Suning, one of the largest consumer electronics retail chains in […]

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