August 22, 2017

Alibaba Gets $1.6 Billion Investment

An investment group led by Yunfeng Capital, Silver Lake and Digital Sky Technologies Global, and Singaporean investment fund Temasek Holdings has agreed to invest $1.6 billion in China-based Alibaba Group Holding, China’s largest e-commerce group. Yunfeng Capital, includes Alibaba Chairman Jack Ma as one of its founders.  Hangzhou-based Alibaba operates China’s largest e-commerce website. The investment […]