Alibaba takes control of logistics business, pledges $15 billion to expand network

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HONG KONG/BEIJING (Reuters) – Chinese e-commerce firm Alibaba Group … Shares of ZTO Express Inc (ZTO.N), which raised $1.4 billion from a New York IPO last October, are down 22 percent from the listing price to-date. Best Inc BSTI.N, a Chinese delivery …
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