Alibaba Puts Another $207M Into SingPost And $100M+ In Flash Sales Site

Chinese stocks continue to tumble, Alibaba, as one of it biggest tech companies, is spreading its bets and upping its investments in companies that focus on cross-border commerce and making its e-commerce operations more efficient.

Alibaba today announced that it has made a strategic investment into, a flash sales site; and it has increased its stake in Singapore Post Limited (SingPost). Alibaba will put $206.85 million into SingPost and a subsidiary to increase its stake to 14.51 percent and form a new JV.
Alibaba has not disclosed the value of the stake in but it have been confirmed from a reliable sources close to the deal that it is over $100 million.