Alibaba Group Holding Ltd. is reportedly near investing US$100 million in Indian logistics company XpressBees in exchange for a significant minority stake, as the Chinese e-commerce and tech giant continues to fortify its position in the Southeast Asian e-commerce market. The latest deal, if completed, will provide Alibaba with strong logistics capabilities to support its e-commerce operations in India. Alibaba invested US$200 million in Indian online grocery platform Bigbasket and raised its shares of Indian online marketplace Paytm Mall to 62% last year. Alibaba already controls Indian mobile payment platform Paytm, which launched Paytm Mall in 2017.