[Reuters] Alibaba, partners to spend up to $4.5 billion on logistics

Posted by: UGN Security

[Reuters] Alibaba, partners to spend up to $4.5 billion on logistics - 01/19/11 08:45 AM

BEIJING (Reuters) - Alibaba Group, China's largest e-commerce firm, and its financing partners plan to spend up to $4.5 billion setting up a network of warehouses across the country to tap a growing appetite for online shopping.