Plans and forecasts

Alibaba Group is negotiating the purchase of another 30% in the courier delivery service YTO Express Group in order to become its main shareholder, reports Reuters, citing sources. The company already owns 10% of YTO. Based on the market value of YTO at $6.8 billion, 30% of its shares can be estimated at $2.1 billion. The final details of the deal have not yet been determined. Alibaba's representative denied the news about its plans without providing any additional details.