Alibaba investment sparks 259% rally in Chinese delivery firm - Business Insider

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Alibaba investment sparks 259% rally in Chinese delivery firm

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.YTO Express Holdings soared 259% on Wednesday after Alibaba increased its investment stake in the Chinese delivery firm by nearly $1 billion.

YTO Express is one of China's largest logistics services providers and has seen a boom in business as Chinese consumers increased their ecommerce spend amid the COVID-19 pandemic.'You can make 5, 10, 50X your money': Here's an inside look at the 7-part strategy small-stock expert Ian Cassel is using to unearth the market's most overlooked gems

 

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