HONG KONG: Alibaba Group Holding Ltd’s delivery affiliate attracted investments from Malaysia and Singapore, including Temasek Holdings Pte, in its first round of external fundraising since its creation in 2013.
Zhejiang Cainiao Supply Chain Management Co also gained funding from GIC Pte and Khazanah Nasional Bhd to bankroll its expansion, according to an e-mailed statement. The company didn’t specify the amount raised or its valuation.
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