CIC leads investors to buy 5.6% stake for US$2b

0 Comment(s)Print E-mail Agencies via Shanghai Daily, September 20, 2012
Adjust font size:

Investors led by China Investment Corp have paid US$2 billion to buy a 5.6 percent stake in Alibaba Group, the country's biggest e-commerce firm, a person with knowledge of the matter said.

The group includes CIC International, Boyu Capital, CITIC Capital and China Development Bank, said the person, asking not to be identified because the details aren't public. The parties were identified as investors in an Alibaba statement and the company isn't providing details on the amount of individual investments, Alibaba spokesman John Spelich said in an e-mail yesterday.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter