UGN Security
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UGN Security
[Reuters] Alibaba to buy SingPost stake for $249 million to boost e-commerce logistics
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05/28/14
03:18 PM
SINGAPORE (Reuters) - A unit of Chinese e-commerce giant Alibaba Group Holdings Ltd will buy a minority stake in Singapore Post Ltd for S$312.5 million ($249 million) to help set up an international e-commerce logistics business.
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