RWANDA AND ALIBABA GROUP SIGN AGREEMENT TO HELP BOOST ECONOMIC DEVELOPMENT

RWANDA AND ALIBABA GROUP SIGN AGREEMENT TO HELP BOOST ECONOMIC DEVELOPMENT

Rwanda and Alibaba sign an electronic world trade platform (eWTP) agreement to help boost economy.

The Rwandan government and Alibaba Group, a leading international online commerce company; have signed three (3) Memoranda of Understanding (MoU) to help boost the country’s economy.

Under the agreement, Alibaba have also established an electronic …

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Alibaba buys stake worth US$750 million from Wanda

Alibaba buys stake worth US$750 million from Wanda

Alibaba invests in cinema division of  Chinese Wanda. 

Alibaba the huge e-commerce organisation has agreed to buy stake from Wanda worth US$750 million. Wanda has been indebted. It’s stake are on its cinema section. The holding company controlled by the Beijing government will take 5.11% (around US$500 million). Generating over …

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