Chinese investment in the United States has surged over the past few years as economic and trade cooperation between the world's two largest economies is steadily increasing.
|
|
| The logo of Alibaba.com. [Xinhua photo] |
Alibaba, China's biggest e-commerce company, is one of the many Chinese conglomerates that have invested heavily in a variety of industries in America. The company has bought about 4.8 million Zulily Class A shares at a cost of around $56 million. Zulily is a Seattle-based retailer that primarily sells clothing, toys and other items for kids. Alibaba.com acquired the American e-commerce service provider Vendio Services Inc. in 2010 and led a $206 million investment in the retail website ShopRunner in 2013. It is also reported that Alibaba has invested in Jet.com, an Amazon competitor.
0 Comment(s)
Print
E-mail China.org.cn, September 22, 2015
Go to Forum >>0 Comment(s)