Alibaba Owns Nearly 10% Stake in US Retailer Zulily | |||||||||||
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http://english.dbw.cn
2015-05-12 11:23:06
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![]() File photo taken on Nov. 12, 2014 shows two staff members walking past the logo of Alibaba at Alibaba Group's Xixi base in Hangzhou, capital of east China's Zhejiang Province. [Photo: Xinhua] Alibaba has purchased a 9-percent stake of US e-commerce site Zulily. The acquisition has been disclosed in a securities filling. It shows Alibaba has spent some 56 million US dollars on Zulily shares. Zulily is a Seattle-based site that hosts "flash" sales of clothing for women and children. The buying will give Alibaba more exposure to US consumers market.
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Author: Source: xinhua Editor: Yang Fan |