Alibaba enters into strategic partnership with electronics manufacturer Haier Group

Chinese e-commerce giant Alibaba is investing $364 million into electronics manufacturer Haier Group as it looks to extend its logistics and delivery capacity.

 Haier Group and Alibaba Group today announced a strategic partnership aimed at combining the strengths of both companies to create a comprehensive system and standards for the delivery and installation of household appliances and other large sized goods. The partnership will leverage Haier Group’s supply chain management skills, logistics warehouses, delivery and installation services and Alibaba Group’s e-commerce capabilities.

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