Alibaba And Subsidiary Ant Financial Plow Almost $1B Into A New Online-To-Offline Joint Venture

08:33 23.06.2015
Online-to-offline (O2O) commerce and providing ultra-speedy local deliveries are two of Alibaba’s main growth targets. Now the e-commerce giant is significantly increasing its commitment to both verticals. Alibaba and subsidiary Ant Financial announced today that they will each put RMB 3 billion (about $483.3 million) into a joint venture called Koubei. Read More...