Alibaba buys stake in Singapore's postal provider

Chinese e-commerce giant Alibaba has bought up a 10% stake in Singapore's national postal service provider SingPost for S$312.5m ($249m; £148m). The move comes as Alibaba - one of the world's biggest e-commerce firms - has been looking to expand its operations in the Asia-Pacific region. via Pocket http://ift.tt/RAKFph