Workers at STO Express sort out packages in Wenzhou in east China's Zhejiang Province. Photo: Xinhua

Alibaba to buy stake in parcel delivery firm STO Express for 4.6 billion yuan

  • Alibaba will pay US$693.3 million for a 49 per cent stake in a new unit that will control 29.9 per cent of STO
  • STO shares jump by 10 per cent daily limit in Shenzhen
Topic |   Alibaba

TOP PICKS

Workers at STO Express sort out packages in Wenzhou in east China's Zhejiang Province. Photo: Xinhua
READ FULL ARTICLE