Alibaba and Haier in online tie-up

Shares in Haier Electronics rose as much as 15 per cent yesterday after its Goodaymart logistics arm agreed to sell a strategic 10 per cent stake to mainland e-commerce giant Alibaba for HK$1.86 billion, in yet another example of mainland appliance manufacturers and e-commerce operators reshaping the competitive landscape before an expected boom in online shopping.

via Business feed http://www.scmp.com/business/china-business/article/1377124/alibaba-and-haier-online-tie