Alibaba to invest $4.6 billion in China electronics retailer Suning

BEIJING (Reuters) - Alibaba Group Holding Ltd said Monday it will invest 28.3 billion yuan ($4.56 billion) in Suning Commerce Group Co Ltd, clinching a cross-investment deal that allies China's leading e-commerce player with one of the country's largest brick-and-mortar retail chains.

from Reuters: Technology News http://ift.tt/1MXAPrW