Alibaba, Suning Ink Biggest
Deal In Home Appliance
Summary | Alibaba and Suning today announced that Alibaba will
invest 28.3 billion yuan (US$4.63 billion) for a 19.99% stake
in Suning to become the second-largest shareholder of China's
leading home appliance retailer.
china.org.cn | 14 January 2016