Alibaba Buys 20% Shares In Many Craftsmen To Raise Stake In China’s Furnishing Market

News Source: China Money Network.

Alibaba Group has closed a strategic investment in Chinese furnishing services start-up "Many Craftsmen" in the latest move taken by the e-commerce giant to raise its stake in the Chinese home improvement market, according to a company statement released on Wednesday.

Alibaba Buys 20% Shares I...

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