Alibaba leads consortium in $1.4 billion deal for stake in Chinese courier ZTO

SHANGHAI (Reuters) - Alibaba Group Holding Ltd on Tuesday said it has led a consortium of investors to buy about 10 percent of Chinese courier ZTO Express (Cayman) Inc for $1.38 billion, as part of the e-commerce firm's push into offline services.

from Reuters: Business News https://ift.tt/2LG8byn