Alibaba leads a $1.38B investment in Chinese delivery service ZTO Express for 10% stake, helping boost Alibaba's ability to ship items globally (Lulu Yilun Chen/Bloomberg)

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Lulu Yilun Chen / Bloomberg:
Alibaba leads a $1.38B investment in Chinese delivery service ZTO Express for 10% stake, helping boost Alibaba's ability to ship items globally  —  - The investor group will get 10% of the Chinese delivery giant  — Alibaba's Cainiao and ZTO will then collaborate on logistics