Alibaba Alibaba is in talks to invest $ 80 million in the company Boxed

Nov

7

2015

The company Alibaba Alibaba competent Chinese e-commerce to hold talks in order to invest about $ 80 million in the company Boxed, and the company is approaching the Pope of completion of the transaction, which is another big step to invest in the US e-commerce company.

Boxed specializes company which is headquartered in New York City in the marketing of grocery products belonging to the home, health and beauty and sell large quantities of goods to their customers products.

The company bearing the logo of large sizes small prices and goods are delivered to the door of the house, without subscription fees and any purchase of more than $ 50 are exempt from the Plug and shipping charges.

Information indicates that the value of the deal as yet undetermined and it may increase or decrease the limits of eighty million dollars, with little opportunity for non-completion of the deal.

A spokesman for the company Alibaba comment on the subject, as Chih Huang does not CEO Boxed comment on the subject.

In the case of Ali Baba succeeded to reach an agreement, this agreement would represent a second investment company Alibaba in the US e-commerce company, where the company earlier this year to invest in the company Jet.com.

Jet.com company specializes in marketing and e-commerce, which are offering discounts on a wide range of goods and which is characterized by a unique system receives requests in an effective and thoughtful in order to improve the efficiency of shipping.

Jack and indicates what the founder of the company Ali Baba continuously that his company is not interested in competing American companies such as Amazon and eBay, and but he seems relieved of finance and investment hand played by his company.

It continues to company Alibaba investment in a wide range of US companies from various industries, including the service Lyft and one of the largest US companies operating in the field of transport and delivery, and is headquartered in San Francisco and are linking passengers who require drivers to have cars, in addition to financing and investment In the messaging application Tango Tango.

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