Alibaba Buys Easyhome Stake

China’s Alibaba plans to purchase a 15% stake in Beijing Easyhome Furnishing Chain Store Group Co. to gain a greater foothold in the retail industry. Alibaba will support the digital transformation of the company’s 223 stores by applying its expertise in cloud and logistics platforms. This investment is the latest in a series of Alibaba Founder Jack Ma’s efforts to buy up brick-and-mortar retailers and link them to Alibaba’s online stores.