Alilbaba to invest over $100m in Asian Luxury Flash Sale Website, Mei.com

Chinese e-business leader Alibaba Group Holding Ltd is putting more than $100 million in Mei.com, a blaze deals stage for extravagance and style merchandise, according to a source with information of the arrangement.

Alibaba had said before on Wednesday that it would shape a group inside of its Tmall business-to-shopper stage to help Mei.com extend its client base, item offerings, logistic administrations and IT foundation, yet it didn't uncover the extent of its speculation.