Huitongda puts its cash to work with investment in struggling supplier
The Alibaba-backed e-commerce company will pay 994 million yuan for 25% of Jin Tong Ling, a maker of industrial equipment now undergoing a court-led restructuring Key Takeaways: Huitongda will pay…
Huitongda Network Finds Big Bucks, But Thin Margins, in ‘Sunken Market’
E-commerce company’s shares rose in their Hong Kong trading debut as investors bought into China’s first rural-oriented e-commerce stock Key takeaways: Despite counting Alibaba as its second biggest shareholder, Huitongda’s…
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