Consumer Discretionary Aug 11, 2020 01:50 PM (GMT+8) · EqualOcean
Alibaba closed the acquisition deal of Alog, an Hangzhou-based third-party e-commerce warehouse and logistics service company. The firm had considered an initial public offering (IPO). Founded in 2004, the company is the most significant player in the niche with 75 distribution networks in 6 countries in the world. It is also Alibaba's supermarket brand Tmall's delegated provider.
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