Zibuyu Group (HKG:2420) said it will pay chairman-controlled firm Hangzhou Shuzhi nearly seven million yuan in total for development of a digital e-commerce ecosystem and for availing Amazon's demand-side platform advertising services, according to a Thursday filing with the bourse.
The company said it entered into two contracts with Hangzhou Shuzhi for the services, each valued at 3.8 million yuan and 3 million yuan, respectively.
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