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Alibaba May Invest $80M In US E-Commerce Start-Up Boxed Wholesale
Aggregated Source: China Money Network
Alibaba Group Holding Ltd. is in talks to invest around US$80 million in New York City-based bulk grocery ordering app Boxed Wholesale, according to media reports. The investment is part of Alibaba's strategy to boost its revenue outside of China, and follows the company's investment in a similar U.S. e-commerce start-up Jet.com, based in New […]


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