Alibaba, Ant to pour nearly $1 billion into local services startup
 

Alibaba, Ant to pour nearly $1 billion into local services startup
SHANGHAI (Reuters) - Alibaba Group Holding Ltd and its affiliate Ant Financial will invest nearly $1 billion in a joint venture that they hope can tap China's fast-growing local services market, focusing at first on food delivery.http://i2.wp.com/reuters.us.feedspor...f?resize=1%2C1


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