Alibaba ups stake in Zulily


Alibaba has acquired a  strategic 9 per cent stake in Zulily for US $56 million. The Chinese ecommerce business already had a smaller stake in the business and it is being suggested that it may be poised to mount a takeover if Zulily’s performance continues to disappoint and its share price falls further. 

Share

Twitter Facebook LinkedIn WhatsApp

Related News


Sign up to receive our newsletter