Alibaba Group Holding (BABA.NYSE) will invest over US$100 million in fashion and luxury goods site Mei.com, Reuters reported, citing unnamed sources. Alibaba had also announced on Wednesday it would form a team within its Tmall online retail platform to help Mei.com expand its product offerings, user base, IT infrastructure and logistics. The partnership should help Alibaba expand its luxury goods offerings in mainland China and could burnish its reputation among foreign brands already sensitive to the presence of intellectual property rights-infringing products which often appear on the e-commerce conglomerate’s various shopping sites.