Alibaba’s offline expansion widens to home furnishing with 15% stake purchase in Easyhome

Alibaba has taken another step in its quest to build a new retail empire. The Chinese tech titan announced today that it will invest approximately RMB 5.45 billion (around $866 million) for a 15% stake in Easyhome (居然之家), China’s leading home improvement supplies and furniture chain operator. Alibaba will support the digital transformation of Easyhome’s … More Alibaba’s offline expansion widens to home furnishing with 15% stake purchase in Easyhome