China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs
Alibaba Group Buys 5.6% Of Groupon
Aggregated Source: China Money Network
Alibaba Group Holding Ltd. bought 33 million shares of Groupon Inc., becoming the fourth-largest shareholder in the U.S. group buying site with a 5.6% stake, according to a disclosure document. Previously, the Chinese Internet giant acquired stakes in e-commerce start-up Jet.com Inc., augmented-reality provider Magic Leap Inc. and car-booking company Lyft Inc, all based in […]


Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Original URL: Click here to visit original article
Copyright China Money Network