Alibaba invested $10 million in logistic startup Xpressbees
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Chinese e-commerce giant Alibaba $10 million in logistics startup Xpressbees at a time when the company decided to take it slow. Alibaba has decided to increase its authorized share capital in November 2019 and this development came after that. Xpressbees was founded in 2015 and it offers logistics services such as last-mile delivery, payment collection, drop shopping, cross-border services, tailored software solutions etc.