Chinese trousers retailer Shanxi Baiyuan Trousers Chain Management has acquired cross-boarder online B2C platform Shenzhen Globalegrow E-Commerce Co. , Ltd. for RMB1.03 billion (US$166 million) via cash payment and stocks swap arrangements, according to Baiyuan’s regulatory filing. This will allow existing investors in Shenzhen Globalegrow, Shenzhen Capital Group and Hotland Venture Fund, to fully exit […]
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