(Yicai Global) Aug 4 – Alibaba Group Holding Ltd. [NYSE:BABA] will invest USD300 million in Yiguo Group, China's largest all-category fresh food platform. The new fund will be used for building and expanding the Yigou's cold-chain logistics infrastructure, it said yesterday.

It is the fourth round of investment made by Alibaba Group in Yiguo as part of its latest series of continuing investment in China's retail and traditional industry. Per public data, Alibaba Group's domestic investment amount has exceeded CNY200 billion (USD29.7 billion), including over 20 major projects.

Compared with many Chinese companies' overseas investments and merger and acquisitions (M&A) Alibaba Group's current investment list indicates a stark difference: it invests in China heavily, and moreover, it mainly invests in the traditional industries and commercial infrastructures that are badly in need of funds and technologies for transformation.

It is noteworthy that Alibaba's large-scale investment started in 2014 when Alibaba had just finished the largest IPO in the history of internet. It successfully raised more than USD20 billion from investors around the world. Except a part of the fund is used for Alibaba's daily operations, most of it has been used for investment in China's commercial infrastructure.