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Alibaba Owns Nearly 10% Stake in US Retailer Zulily
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  • http://english.dbw.cn   2015-05-12 11:23:06
     

    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.

     

     

    Author:    Source: xinhua     Editor: Yang Fan

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