| Singapore sovereign wealth funds bought US$1 billion of Chinese e-commerce company Alibaba Group Holding Ltd's shares as part of an US$8.9 billion sale by Japan's SoftBank Group Corp , Alibaba's biggest shareholder, the Chinese company said on Wednesday.
Singapore's GIC and Temasek Holdings each purchased US$500 million of Alibaba shares at US$74.00 apiece through subsidiaries, Alibaba said, offering details of the SoftBank sale announced on Tuesday...............................................Full Article: Source
|