News / E-commerce specialist Alibaba invests in SingPost with an eye on global networks

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China’s largest e-commerce company, Alibaba, is buying a 10% in Singapore’s national postal company SingPost – an important step in its global expansion plan.

Alibaba is also preparing for its partial listing on the New York Stock Exchange.

The two companies announced that Alibaba is to invest S$312.5m (US$249m) in SingPost and that they have signed a memorandum of understanding (MoU) to “discuss and negotiate a joint-venture in respect of the business of international e-commerce logistics”.

While the details the joint-venture remain under ...