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.
Escher powers the world’s first and last mile deliveries, helping Posts connect nearly 1 billion consumers with global ecommerce networks. Postal operators rely on Escher to deliver an enhanced retail and digital customer experience, to activate new revenue streams, and to realize new delivery economics. […]
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