eCommerce giant Alibaba is investing $360 million in Haier Electronics, a Chinese appliance maker, amid a larger joint logistical venture, AllThingsD reported on December 9.
The venture will reportedly help Alibaba and Haier strengthen their existing service networks, while also providing logistical support for the two companies.
Alibaba Group has spent the last year establishing itself as a major player in the region’s growing eCommerce market. To learn more about the company and its potential, read Market Platform Dynamics CEO Karen Webster’s take on the company and its drive for success by clicking here.
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