Alibaba has bought 33 million shares in Groupon, giving it a 5.6% stake in the company. Groupon, which is known for its online group-buying and daily deal service, recently reported better than expected quarterly results.
Alibaba purchased the Groupon stake last year, but the move only became public as a result of a recent regulatory filing.
Landmark Global is a cross-border e-commerce logistics specialist founded in 2004 and part of Bnode (formerly bpostgroup), a European logistics group with over 200 years of history. It helps online retailers of all sizes, from mid-sized and growing brands to large enterprises, ship parcels to […]
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