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CIC leads investors to buy 5.6% stake for US$2b
Source: Bloomberg News |
September 20, 2012, Thursday
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Print Edition
Print Edition
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.
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.
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