Alibaba invests in bricks and mortar

Chinese internet giant, Alibaba, will pay 28.3 billion yuan ($A6.21 billion) for a nearly 20 per cent stake in consumer electronics retailer, Suning. At the same time, the Chinese shopping chain will invest up to 14 billion yuan for just over one per cent of Alibaba, the companies said on Monday. The total value of the deal comes to almost $A9.5 billion. It will make Alibaba the second largest shareholder in Suning. The two firms say they will embark on a “strategic collaboration” t

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