Alibaba to sell YTO Express stake amid investment shift

Alibaba to sell YTO Express stake amid investment shift

A man walks past the Alibaba booth during the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023. REUTERS/Florence Lo/File Photo

Alibaba Group Holding Ltd. continues to scale back its non-core investments, announcing plans to reduce its stake in Chinese courier YTO Express.

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