Alibaba in talks to acquire Singapore's Redmart for $30m-$40m

Alibaba in talks to acquire Singapore's Redmart for $30m-$40m

Visual of RedMart portal. January 2016.

The Alibaba Group, which earlier this year had acquired Rocket Internet-backed e-commerce firm Lazada for a consideration of $1 billion is set to further extend its footprint in the region with a possible buyout of grocery delivery service Redmart.

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