Alibaba trims GoGoX stake to 8.89% amid intense competition

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In 50 Words: Yao Jinbo, founder of online classifieds platform 58.com, is the largest shareholder of the logistics service firm.

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Alibaba trims GoGoX stake to 8.89% amid intense competition

In 50 Words: Yao Jinbo, founder of online classifieds platform 58.com, is the largest shareholder of the logistics service firm.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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