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Business deals

Alibaba backs Singapore's Ninja Van in $578 million fundraising

Logistics startup to invest in Southeast Asia infrastructure, technology systems

Ninja Van's network spans Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Philippines. (Photo courtesy of Ninja Van) 

SINGAPORE -- Singapore logistics startup Ninja Van has closed a major round of funding, raising $578 million in a late stage Series E round with China e-commerce giant Alibaba Group as a big name backer.

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