SHANGHAI: Alibaba is going to purchase another 12% of YTO Express stakes for 6.6 billion yuan, which will hike its shareholding in the Chinese courier to 22.5%, according to YTO Express.
In a public filing, Shanghai-listed YTO Express said it will transfer 12% of the YTO Express stake at 6.6 billion yuan, or 17.406 yuan per share, to Alibaba.
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