Alibaba is reportedly in the final stages of talks for an investment of up to $100m in e-commerce logistics provider Xpressbees.
E-commerce group Alibaba has entered advanced negotiations to pay up to $100m for a “significant” minority stake in India-based logistics service provider Xpressbees, the Economic Times reported on Monday.
The deal is in the final stages of discussion, according to three people with knowledge of the matter, with one source saying it will likely close in the next two to three weeks. The companies have been in talks for about 18 months.
Originally spun out of children’s and babycare e-commerce…
