China's Alibaba buys into supermarket chain Sanjiang Shopping

China's Alibaba buys into supermarket chain Sanjiang Shopping

A logo of Alibaba Group is pictured at its headquarters in Hangzhou, Zhejiang province, China, October 14, 2015. REUTERS/Stringer CHINA OUT

China’s e-commerce giant Alibaba Group Holding Ltd plans to invest 2.1 billion yuan ($305 million) in supermarket chain Sanjiang Shopping Club Co Ltd to further expand its retail presence.

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