
Electronics
3 min read
Alibaba spends $4.6-billion on Chinese electronics retailer Suning
Alibaba Group Holding Ltd. will spend 28.3 billion yuan ($4.6-billion) for a stake in Suning Commerce Group Ltd. as China’s biggest e-commerce operator adds a network of electronics stores in its biggest deal ever. Alibaba will buy a 19.99 per cent stake in…