GIC, Temasek Lead $1.5B Funding Round In Alibaba’s Cainiao Logistics

Cainiao Logistics, the logistics affiliate of Alibaba Group Holding Limited, has completed its first round of financing, the company announced without revealing the details of the fundraising. According to Caixin Media citing insiders, the round amounts to over RMB10 billion (US$1.54 billion) from top sovereign investors including Singapore's GIC and Temasek. Malaysia's Khazanah Nasional Berhad […]

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Read the original article: China Money Network