Alibaba eyes joint investment in Thailand

WEDNESDAY, NOVEMBER 04, 2015
Alibaba eyes joint investment in Thailand

Alibaba, China's e-commerce giant, is in talks with a Thai company for a joint investment project.

Crown Tech Advance (AJD) released the information today as it was suspended from trading yesterday following a takeover rumour. 
In the filing to the Stock Exchange of Thailand, AJD denied the takeover rumour. It said the company and Alibaba are in the preliminary stage of negotiation for the joint investment project.