Alibaba Invests $70 M In Chinese Smart House Platform 3vjia

Alibaba has completed around RMB500 million (US$70 million) strategic investment in a smart home service platform 3vjia, announced online publication iyiou.com on Monday. Alibaba has become the largest shareholder of 3vjia, holding 20% of shares. Co-founder of 3vjia Cai Zhisen and Chinese furniture retailer Red Star Macalline Group Co. Ltd rank second and third largest […]

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