Dark skies down under – white (paper) wash
Final act
Alibaba’s (BABA) ~$700m STO Express move this week was unsurprising as far as its strategic and economic merits were concerned, with China’s largest e-commerce company showing us what we can also expect from Amazon.
Because, to paraphrase those who earn the big bucks out of logistics services and obviously understand the benefits and risks of going asset light versus being asset heavy, BABA’s purchase of a ~ 14.7% stake in yet another Chinese courier perfectly fits the current investment narrative in ...
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