Alibaba-backed courier YTO Express to list via $2.7 billion reverse merger

SHANGHAI/SINGAPORE (Reuters) - Alibaba-backed YTO Express plans to go public via a 17.5 billion yuan ($2.7 billion) merger with a listed clothing maker, becoming the latest courier seeking capital market funds to stay competitive during China's e-commerce boom.

from Reuters: Technology News http://ift.tt/1VD14XV