Page 1 of 4
For immediate release
SingPost and Alibaba Group to Form Strategic Collaboration
to Grow International E-commerce Logistics Business
Singapore, 28 May 2014 – Singapore Post Limited (SingPost) and Alibaba Group Holding
Limited (Alibaba Group)...
More
Page 1 of 4
For immediate release
SingPost and Alibaba Group to Form Strategic Collaboration
to Grow International E-commerce Logistics Business
Singapore, 28 May 2014 – Singapore Post Limited (SingPost) and Alibaba Group Holding
Limited (Alibaba Group) today announced that SingPost and Alibaba Investment Limited, a
wholly-owned subsidiary of Alibaba Group Holding Limited, have entered into an investment
agreement under which Alibaba Investment Limited will invest S$312.5 million to purchase 30
million existing ordinary shares held in treasury by SingPost and 190.096 million new ordinary
shares and take a 10.35% stake in SingPost upon completion. Both companies also signed a
memorandum of understanding (MOU) which will allow them to discuss and negotiate a joint
venture (JV) in respect of the business of international e-commerce logistics. This strategic
business cooperation will also tap into other e-commerce opportunities in Southeast Asia and
beyond by providing amongst other things
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