Alibaba gives Rp 9.9 Trillion to China Logistics Enterprises
Alibaba Group would take a 14 percent stake in the company, i.e. the origin logistics STO Express Co. Ltd.
Reuters reported on Tuesday (12/3/2019), to take a 14 percent stake, agreed to Alibaba have to spend of $693 million or equivalent to Rp 9.9 trillion.
The news, making stocks STO Express Co. Ltd soared 10 percent on the Shenzhen Stock Exchange. The management, have prepared a new scheme for allocating funds kucuran Alibaba Group. The plan, they will establish a new subsidiary that will have a stake of around 29.9 percent.
Alibaba Group, in separate statements, confirming news that investment.
"We will deepen our existing collaboration with the STO in terms of technology, long distance transmission throughout China and new retail logistics, " said.
"This investment is a step forward in pursuing the goal of a 24-hour delivery anywhere in China and globally, 72 hour " added a spokeswoman for Alibaba.
STO Express is the fourth investment in Alibaba China Courier sector after acquiring a minority stake in YTO Express Group co. Ltd., Inc. and ZTO Express (Cayman) Inc.
Alibaba Group founder Jack Ma in the panel discussion "Disrupting Development" meeting of the IMF-World Bank in Nusa Dua, Bali on Friday (12/10). Jack Ma said "business people have no fear, the competitor should fear." L i p u t a n c o m 6/Cybernet Safeer Ahmad
The founder of Chinese technology giant Alibaba Group, Jack Ma, starting out from Office on five subsidiary the Alibaba per 7 March 2019.
This step along with the retirement of his preparation of Alibaba Group in September.
According to the Administration, Ma out of Alibaba, Taobao Software Software, Alibaba Network Technology, Education Technology, Alibaba and Alibaba Technology.
According to a spokesman for Alibaba's Jack Ma hengkangnya, from its role in the five subsidiaries Alibaba it is normal practice that, considering the technical and legal problems.
Tekno Liputan6.com quoted from the Asia Times, Monday (11/3/2019, Jack Ma out of these companies to help improve corporate governance and transparency.
The spokesman denied rumors that circulated Ma will move stocks Taobao out of the company. The spokesman could not say her name called, Jack Ma will never mean to do that.
Earlier, it was announced in September 2018, Jack Ma will release its leadership in Alibaba per 10 September. Later, after Jack Ma, CEO of the retirement of Daniel Zhang Yong will take over.
World Bank President Jim Yong kim Alibaba Group Founder Jack joint Ma in the panel discussion "Disrupting Development" meeting of the IMF-World Bank in Nusa Dua, Bali on Friday (12/10). (Liputan6.com/Angga Antoniouz)
Jack Ma has just declared himself chairman will take off from the Board of Directors of Alibaba.
He has appointed Daniel Zhan, who now serves as CEO, it becomes suksesornya.
The certainty of this information is revealed by Jack Ma through a letter addressed to consumers, employees, including directors of Alibaba. The process of leadership transition Alibaba this will last for one year.
However, Jack Ma admitted it will not leave the Alibaba.
Her will still persist in the ranks of the Board of directors until 2020 when the annual meeting of shareholders.
Reuters reported on Tuesday (12/3/2019), to take a 14 percent stake, agreed to Alibaba have to spend of $693 million or equivalent to Rp 9.9 trillion.
The news, making stocks STO Express Co. Ltd soared 10 percent on the Shenzhen Stock Exchange. The management, have prepared a new scheme for allocating funds kucuran Alibaba Group. The plan, they will establish a new subsidiary that will have a stake of around 29.9 percent.
Alibaba gives Rp 9.9 Trillion to China Logistics Enterprises
Later, the influx of Alibaba Group with those funds, was able to have a share of 49 percent stake in the new company.
Alibaba Group, in separate statements, confirming news that investment.
"We will deepen our existing collaboration with the STO in terms of technology, long distance transmission throughout China and new retail logistics, " said.
"This investment is a step forward in pursuing the goal of a 24-hour delivery anywhere in China and globally, 72 hour " added a spokeswoman for Alibaba.
STO Express is the fourth investment in Alibaba China Courier sector after acquiring a minority stake in YTO Express Group co. Ltd., Inc. and ZTO Express (Cayman) Inc.
Soon Retired, Jack Ma started out from Five Venture Alibaba
Alibaba Group founder Jack Ma in the panel discussion "Disrupting Development" meeting of the IMF-World Bank in Nusa Dua, Bali on Friday (12/10). Jack Ma said "business people have no fear, the competitor should fear." L i p u t a n c o m 6/Cybernet Safeer Ahmad
The founder of Chinese technology giant Alibaba Group, Jack Ma, starting out from Office on five subsidiary the Alibaba per 7 March 2019.
This step along with the retirement of his preparation of Alibaba Group in September.
According to the Administration, Ma out of Alibaba, Taobao Software Software, Alibaba Network Technology, Education Technology, Alibaba and Alibaba Technology.
According to a spokesman for Alibaba's Jack Ma hengkangnya, from its role in the five subsidiaries Alibaba it is normal practice that, considering the technical and legal problems.
Tekno Liputan6.com quoted from the Asia Times, Monday (11/3/2019, Jack Ma out of these companies to help improve corporate governance and transparency.
The spokesman denied rumors that circulated Ma will move stocks Taobao out of the company. The spokesman could not say her name called, Jack Ma will never mean to do that.
Earlier, it was announced in September 2018, Jack Ma will release its leadership in Alibaba per 10 September. Later, after Jack Ma, CEO of the retirement of Daniel Zhang Yong will take over.
Announces Retirement Last Year
World Bank President Jim Yong kim Alibaba Group Founder Jack joint Ma in the panel discussion "Disrupting Development" meeting of the IMF-World Bank in Nusa Dua, Bali on Friday (12/10). (Liputan6.com/Angga Antoniouz)
Jack Ma has just declared himself chairman will take off from the Board of Directors of Alibaba.
He has appointed Daniel Zhan, who now serves as CEO, it becomes suksesornya.
The certainty of this information is revealed by Jack Ma through a letter addressed to consumers, employees, including directors of Alibaba. The process of leadership transition Alibaba this will last for one year.
However, Jack Ma admitted it will not leave the Alibaba.
Her will still persist in the ranks of the Board of directors until 2020 when the annual meeting of shareholders.
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