Alibaba, a China-based online trading and commerce group, has invested an undisclosed amount of series F funding in DDMap, a Chinese lifestyle e-commerce service website.
The investment follows an undisclosed series E round in October 2012 from a syndicate that also included Citi Ventures, the corporate venturing unit of the eponymous US-listed bank.
News reports said Alibaba, which has itself raised more than $1.6bn in recent years to invest in China’s logistics sector, was now the largest shareholder in DDMap,…
