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Alibaba pays $807M to take majority ownership in logistics affiliate Cainiao

 Alibaba is getting serious about logistics after it agreed to invest RMB 5.3 billion ($807 million) in order to take majority ownership in subsidiary company Cainiao. Cainiao was created four years ago alongside eight other backers to bring organization in Chinese logistics, particularly around e-commerce deliveries. The company raised its first outside funding in March 2016 —… Read […]

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The NFL partners with Facebook to distribute game highlights and recaps on the social network

 Facebook and the NFL this morning announced a new multi-year programming deal that will see the sports organization distributing official NFL video, including game recaps and official highlights, to the social network. According to the NFL, the videos and recaps will be from all 256 regular season games, plus the playoffs and the Super Bowl, […]

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