Alibaba Group Holding Ltd announced an investment of 2 billion yuan ($288 million) in Chinese liquor e-commerce retailer² 1919 Wines & Spirits Platform, in a move aimed at tapping the lucrative³ yet unsaturated online-to-offline business of alcoholic⁴ drinks.

近日，阿里巴巴集团宣布向中国白酒电商零售商1919酒类直供投资20亿元（合2.88亿美元）。因酒水行业获益丰厚但是市场不饱和，此项举措意在开发其线上线下的业务。

Chengdu-based 1919 Wine & Spirits will issue over 39.2 million new shares to a unit of Alibaba at a price of 50.9 yuan, according to the liquor merchant in a statement.

总部位于成都的1919酒类直供公司在声明中表示，将以50.9元的价格向阿里巴巴发行超过3920万股新股。

The proceeds raised in this round of financing will be used for expenditures⁵, supplementary⁶ liquidity⁷ and repayment⁸ of bank loans.

本轮融资所得将用于支出、补充流动资金以及偿还银行贷款。

阿里巴巴20亿元投资酒类电商1919

Upon the transaction, Alibaba will hold 29 percent in the leading player of China's alcohol scene, becoming its second-largest shareholder⁹.

在本次交易中，阿里巴巴将持有该中国酒类行业领军企业29%的股份，成为其第二大股东。

The capital injection can strengthen Alibaba's presence in the vast alcoholic drinks market in China, which is estimated by consultancy GlobalData to hit $450 billion by 2021.

此次注资将加强阿里巴巴在我国庞大的酒水饮料市场的影响力。据咨询公司GlobalData估计，到2021年阿里巴巴在中国的酒水饮料市场规模将达到4500亿美元。

Under the new tie-up, Alibaba promised to deliver alcohols purchased through its online sites in as fast as 19 minutes. This is thanks to 1919 Wines & Spirits's widespread presence with 1,200 offline stores.

在这次新的合作关系中，阿里巴巴承诺，消费者在其在线网站购买的酒类制品将在19分钟内发货。这要归功于1919酒类直供公司已拥有的1200家线下商店。

Through investment and acquisitions, Alibaba is working to tighten¹⁰ grip on as many sectors¹¹ as possible by merging¹² online and offline resources through its so-called "New Retail¹" initiative.

阿里巴巴正依其所谓的“新零售”计划，通过投资和收购，以合并在线和线下资源，努力加强对尽可能多的行业的控制。