Alibaba pays nearly $1B to increase its stake in the Chinese courier group YTO Express from 10.5% to 22.5% (Ryan McMorrow/Financial Times)

News Snapshot:

Ryan McMorrow / Financial Times:Alibaba pays nearly $1B to increase its stake in the Chinese courier group YTO Express from 10.5% to 22.5%Ecommerce giant pays nearly $1bn to boost holding in YTO as it tries to speed up deliveryAlibaba is stepping up efforts to tighten control over its logistics network