Wednesday, 21 February 2018 10:48 GMT
img valued at USD20 b in IPO

(MENAFN) An initial public offering (IPO) has been proposed for, the Chinese ecommerce site backed by Saudi Arabia's Prince Alwaleed bin Talal, at USD20 billion worth in the second quarter of 2014, according to Arabian Business

China's largest internet company, Tencent Holdings, plans to take 15 percent stake in, which announced flotation plans in January

Bloomberg reported that Tencent assigned the USD20 billion-price tag

Prince Alwaleed, through his Kingdom Holding investment vehicle, has already acquired a 5 percent shareholding in in 2013 valued at USD20 b in IPO

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