UGN Security Forums UGN Security: Underground News Technology [Reuters] Alibaba invests $361 million in appliance maker's 'big goods' logistics

HONG KONG/BEIJING (Reuters) - Alibaba Group will invest HK$2.82 billion ($361 million) in appliance maker Haier Electronics Group Ltd in a deal aimed at expanding the Chinese e-commerce giant's logistics reach to the millions of consumers in China's vast interior.