Alibaba Group Invested 4.5 Billion RMB in Huitongda for Opening up Strategies in Rural Areas

By CnAgri2018-04-28 10:45:30 Print On April 17^th, Alibaba Group and Fivestar Holdings jointly announced that 4.5 billion RMB would be invested in Huitongda. It shows Alibaba is shifting the strategy from horizontal integration (rural business infrastructure) to longitudinal development (rural e-business industrial chain).