Alibaba and STO sign option agreement

Source: Xinhua| 2019-08-01 18:25:27|Editor: Xiaoxia
Video PlayerClose

HANGZHOU, Aug. 1 (Xinhua) -- Chinese e-commerce powerhouse Alibaba and delivery company STO Express signed an agreement on a stake purchase option Wednesday.

According to a statement released by STO, Alibaba is granted the option to purchase stakes within three years from Dec. 28, with an estimated total purchase price of 9.98 billion yuan (about 1.45 billion U.S. dollars).

Some market participants said arrangement of stock options is one of the most common forms of investment and Alibaba's investment in STO will raise awareness in the market that the express industry is a core asset for e-commerce companies.

Alibaba's delivery arm, Cainiao Network, has cooperated with several express companies in the logistics field with its technological and resource advantages. The company has invested in courier giants including Best Express, ZTO Express and YTO Express.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001382757811
美国午夜福利性色在线,精品国产欧美一区二区,免费大片黄在线观看网站,欧洲在线免费高清在线a
伊伊久久综在合线视 | 亚洲欧美国产丝袜综合 | 亚洲视频在线香蕉 | 亚洲欧美日文在线v | 性做久久久久免费观看 | 新国产福精品利视频免费 |