Alibaba expands into home furnishing with USD25 million investment

14 November 2018 (Updated: 10:31 GMT)
Alibaba has invested USD25 million in the home decoration service platform Shengong007 in China. Specializing in providing offline services for installing, maintaining, and refurbishing furniture, the platform claims to have 50,00 registered workers who offer services in 307 cities and 28,000 towns. Alibaba recently also acquired a 15% stake in Easyhome, China’s leading home improvement suppliers and furniture chain operator.  ...