Alibaba Group has agreed to buy a 10% stake in Singapore Post (S08.SGX) , Bloomberg reported. The deal with China’s biggest e-commerce company will help SingPost build their presence in China, and the company indicated in a statement that the two will enter talks for an e-commerce logistics venture. As Alibaba prepares for an IPO that may be bigger than Facebook (FB.NASDAQ), CEO Jack Ma is building a bigger network for shipping goods sold on its platforms.
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