Alibaba-backed YTO Express to list via $2.7 billion reverse merger

ChinaTimes of India — SHANGHAI/SINGAPORE: Alibaba-backed YTO Express plans to go public via a 17.5 billion yuan ($2.7 billion) merger with a listed clothing maker, becoming the latest courier seeking capital market funds to stay competitive during China’se-commerce boom.

http://timesofindia.indiatimes.com/tech/tech-news/Alibaba-backed-YTO-Express-to-list-via-2-7-billion-reverse-merger/articleshow/51548100.cms

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