Posted inBeijingChina

Alibaba nets share of Easyhome to push ‘new retail’ strategy

Chinese Internet giant Alibaba is heading up a 5.4 billion yuan (US$870 million) investment in Beijing Easyhome, one of the leading companies in the home decorating industry, securing a 15% stake in the company, Yicai.com reported. Other investors include Yunfeng Capital, a private equity fund co-foundered by Alibaba’s chairman Jack Ma, as well as Taikang […]