Alibaba invests $717.2m in rural e-commerce platform Huitongda

Alibaba invests $717.2m in rural e-commerce platform Huitongda

Employees and visitors are reflected on a glass panel at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Sept. 8, 2017. Photographer: Qilai Shen/Bloomberg

China’s e-commerce giant Alibaba Group Holding will invest $717.2 million in Huitongda Network Co., an e-commerce platform serving rural consumers, according to multiple reports by Chinese media.

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