Singaporean Wealth Funds Scoop Up Shares in Alibaba
Posted on 06/02/2016
Singapore’s Temasek Holdings and GIC Private Limited purchased US$ 1 billion worth of shares of Alibaba Group Holding Ltd, the well-known Chinese e-commerce company. This deal was part of Japan’s SoftBank Group Corporation’s US$ 8.9 billion sale of Alibaba shares. SoftBank Group, through its unit SB China Holdings Pte Ltd, did the deal to reduce […]
- Alibaba
- Asia
- China
- Deals
- Government of Singapore Investment Corporation
- Japan
- Singapore
- SoftBank
- Temasek Holdings
