Singpost continues acquisition spree, buys majority stake in US e-commerce logistics provider Jagged Peak

Visual from SingPost

Singapore Post, which counts Alibaba Group Holding as its second-biggest shareholder, has reached a deal to buy a little over 71% stake in Jagged Peak, Inc (Jagged Peak), a US eCommerce logistics enabler for high-velocity consumer products for $15.8 million.

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