Alibaba broadens offline reach with $865 million Easyhome stake
Alibaba Group Holding will pay about 5.45 billion yuan ($866 million) for a 15 percent stake in China's Easyhome, a home improvement chain, as the internet giant expands its investments in offline and retail businesses. The investment underscores the company's retail strategy, aimed at leveraging offline and online activities, Alibaba said in a statement.