Alibaba to take 27% in ERP firm Shanghai Baison Software for $24m

Alibaba to take 27% in ERP firm Shanghai Baison Software for $24m

Alibaba Chairman Jack Ma. Photo: Bloomberg

The world’s largest e-commerce firm Alibaba has agreed to acquire a 26.67 per cent stake in Shanghai Baison Software Co Ltd, an enterprise resource planning (ERP) solutions provider, for RMB165 million ($24 million).

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