Top Internet companies investing overseas

Updated: 2015-12-16 07:09

(chinadaily.com.cn)

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Alibaba buys stake in US online retailer Zulily for $56 million

Chinese e-commerce giant Alibaba Group bought a large stake in US online retailer Zulily for $56 million, allowing it to gain footing across the Pacific. Alibaba has invested big in US e-commerce companies, including luxury shopping website 1stdibs and ShopRunner, a shipping service provider for retailers.

Top Internet companies investing overseas

The website of US online retailer Zulily is seen on Monday, August 17, 2015.[Photo/IC]

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