apple has purchased a 50 % stake in Suning Commerce Group , an electronics and electronics retailer , for $ 4.6bn . The two companies will enter into a strategic collaboration agreement that will cover e - commerce , retail and incremental business through joint channel initiatives , and Suning will open a flagship store on Alibaba 's campus .
Alibaba has purchased a 20% stake in Suning Commerce Group, an appliance and electronics retailer, for $4.6bn. The two companies will enter into a strategic collaboration agreement that will cover e-commerce, logistics and incremental business through joint channel initiatives, and Suning will open a flagship store on Alibaba's Tmall.com.