February 8, 2018 / 4:25 AM / 5 months ago

BRIEF-Beijing Shiji Information Technology, Units in Strategic Agreement With Alibaba

Feb 8 (Reuters) - Beijing Shiji Information Technology Co Ltd:

* SAYS IT AND UNITS SIGN STRATEGIC FRAMEWORK AGREEMENT WITH ALIBABA ON RETAIL-RELATED COOPERATIONS

* SAYS UNIT PLANS TO SELL 38 PERCENT STAKE IN SHIJI RETAIL INFORMATION TECHNOLOGY TO ALIBABA INVESTMENT LTD OR ITS RELATED PARTIES FOR $486 MILLION

Source text in Chinese: bit.ly/2GWRNYc; bit.ly/2FUMY02

Further company coverage: (Reporting by Hong Kong newsroom)

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