Alibaba’s logistics arm raises funds from Singapore investors, others
BEIJING/SHANGHAI (Reuters) – The logistics arm of Alibaba Group Holding Ltd has completed a funding round, China's biggest e-commerce company said on Monday. Investors in the funding round of Cainiao include Singapore's Temasek Holdings [TEM.UL] and GIC Pte Ltd [GIC.UL], Malaysia's Khazanah Nasional Bhd [KHAZA.UL], and China's Primavera Capital, Alibaba said in a statement. Alibaba did not disclose details of how much money Cainiao raised, whether it issued equity shares, or at how much the logistics unit is now valued. …