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Alibaba Announces Investment in Mei.com to Expand its Presence in Luxury

In one day, Alibaba announced two investments, totaling at least US$300 million, that enable the company to accomplish two separate but significant goals: to move up the value chain to integrate luxury products and flash sales into its Tmall.com site and to continue its geographic expansion by increasing its investment in SingPost, the leading mail-delivery company in Singapore.

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Alibaba Announces Investment, Agreements with SingPost to Expand its Presence in Logistics

In one day, Alibaba announced two investments, totaling at least US$300 million, that enable the company to accomplish two separate but significant goals: to move up the value chain to integrate luxury products and flash sales into its Tmall.com site and to continue its geographic expansion by increasing its investment in SingPost, the leading mail-delivery company in Singapore.

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