Alibaba To Acquire 18% Stake In Lianhua Supermarket
Chinese e-commerce group Alibaba and the Internet fresh food platform Yiguo signed an equity transfer contract, under which Alibaba will purchase 18% shares of Lianhua Supermarket from Yiguo.
Yiguo
Yiguo Group Invests HKD950 Million Into Lianhua
The Internet fresh food platform Yiguo has invested HKD950 million into Lianhua. This now makes Yiguo the second largest shareholder of this Chinese supermarket chain operator.