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Alibaba to Invest in Hotel, Retail, and E-commerce Conglomerate Oriental Group
Oriental Group, 10/23/17
Zhejiang-based hotel chain, supermarket chain, food processing and e-commerce operator Oriental Group (833374.NEEQ) recently announced plans to raise RMB 141 mln by issuing 27.53 mln shares priced at RMB 5.14 per share to investors including Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA) and Zhejiang-based luxury goods e-commerce business Yintai E-Commerce. Read More
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