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China CIC in Talks to Buy $2 Billion Stake in Alibaba

cnbc.com (2 years and 2 months ago)

May 24, 2012

Sovereign wealth fund China Investment Corp is in advanced talks to buy an up to $2 billion stake in Alibaba, sources said, as the e-commerce firm looks to secure the last of the funding it needs to buy back part of its stake from Yahoo. full story

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