Alibaba to invest $865m in home improvement chain Easyhome in new retail push

The logo of Alibaba Group is seen inside the company's headquarters in Hangzhou, Zhejiang province early November 11, 2014. REUTERS/Aly Song

Alibaba Group Holding Ltd. plans to buy a 15 per cent stake in a chain of Chinese home improvement and furniture stores as part of its pushing into “new retail,” the company said Sunday.

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