Posted inChina

Alibaba buys into Sino-foreign bank CICC

The Alibaba Group revealed that it has bought into China International Capital Corporation recently, The Paper reported. Alibaba is now holding approximately 203 million shares of CICC Hong Kong, which accounts for 11.74% of the company’s Hong Kong shares and 4.84% of the total shares issued. It is worth noting that another Internet giant, Tencent, […]

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