Alibaba bought stake in online shopping firm ShopRunner for USD75 million as it prepares for its initial public offering in Hong Kong.
Tags: Alibaba Group
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China's sovereign wealth fund, CIC, is reported to be in talks with Alibaba Group. The People's Daily, China's official newspaper, reported that China Investment Corp.
Chinese Securities Regulatory Commission allowed Alibaba to expand its capital for the online loan enterprise.
Ernst & Young LLP estimated a HK$100 billion proceeds if Alibaba Group Holding Ltd pushes through with an initial public offering in Hong Kong this year.
News and developments in Asia private equity from Reuters News for the week ending May 25. News and developments in Asia private equity from Reuters News for the week ending May 25.
Sovereign wealth fund China Investment Corp (CIC) is in advanced talks to buy an up to $2 billion stake in Alibaba Group.
