Alibaba Invests $364 Million In Haier Group – ValueWalk Premium

Alibaba Invests $364 Million In Haier Group

Alibaba is investing $364 million in Haier Electronics Group Co., Ltd. (HKG:1169) (OTCMKTS:HRELF), an electronics manufacturer that is already building smartphones using Alibaba’s Aliyun OS, reports Jon Russell at The Next Web. According to Haier, the deal will “fully leverage Haier Group’s operational experience and Alibaba’s e-commerce, data and information capabilities to create a fast and convenient end-to-end e-commerce and logistics experience for consumers.”


This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.

Saved Articles