Alibaba to invest $3.3B to bump its stake in logistics unit Cainiao
2:17am PST - November 8th, 2019 alibaba - TechCrunchAlibaba is doubling down on its logistics affiliate Cainiao, two years after acquiring a majority stake in the firm. The Chinese giant said today it would invest an additional 23.3 billion yuan (about $3.33 billion) to raise its equity in Cainiao to 63% from …