The firm has invested $206m in SingPost and its e-commerce logistics subsidiary, and a further $100m in flash sales site Mei.com.
E-commerce firm Alibaba committed $206m to Singapore-based mail, logistics and e-commerce service provider Singapore Post (SingPost) and a reported $100m in China-based flash sales platform Mei.com today.
Alibaba paid $138m to increase its stake in publicly-listed SingPost from 10.2% to 14.5% following its $249m investment in the firm in May 2014.
The company also agreed to pay up to $67.9m for a 34% stake in Quantium Solutions International (QSI), SingPost’s end-to-end e-commerce logistics and fulfilment subsidiary.
QSI, formed in…