Alibaba to Invest Up to 30 Billion Yuan in Warehouses

Alibaba Group Holding Ltd., China’s biggest e-commerce company, said it plans to invest as much as 30 billion yuan to build a network of warehouses across the nation as consumers and businesses increase online purchases in the world’s biggest Internet market by users.

Alibaba Group won a license in April 2010 to lend money to small businesses in China. Alibaba.com started a program in 2007 to help its clients borrow from banks including Industrial & Commercial Bank of China Ltd. and China Construction Bank Corp.