Alibaba Stretches O2O Commitment With New Retail Investment

ChinaChina Tech News — China’s online-to-offline opportunities have reached a new level with investment from China’s top e-commerce firm into one of China’s leading retail chains. China’s Alibaba Group Holding Limited will invest approximately CNY28.3 billion for a 19.99% stake in Suning Commerce Group Limited. After the closing of the investment in Suning, Alibaba will be the second-largest shareholder in the Chinese electronics retailer.

Shares in Alibaba and Suning jump after co-operation deal

ChinaBBC — Alibaba is the world’s largest online marketplace while Suning is a China-wide chain of electronics stores. Alibaba’s shares rose more than 2% overnight on Wall Street while stocks in Shenzhen-listed Suning surged to the maximum 10% limit on Tuesday. The firms plan to link their online and offline models, so customers could see goods in Suning stores then buy online. Under the deal, Suning will also open an online store on one of Alibaba’s shopping websites.

China’s Alibaba to take US$4.6b stake in retailer Suning

ChinaBusiness Times SG — SHANGHAI: Chinese Internet giant Alibaba is to pay 28.3 billion yuan (US$4.6 billion) for a nearly 20 per cent stake in consumer electronics retailer Suning, the two companies said in a statement Monday. At the same time the Chinese shopping chain will invest up to 14 billion yuan for just over one per cent of Alibaba, the statement said, bringing the total value of the deal to nearly US$7 billion.