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China's Alibaba to increase holding in ChinaVision
(MENAFN) The largest e-commerce company in China, Alibaba, has agreed to purchase a controlling stake in ChinaVision Media Group Limited, Xinhua reported
The e-commerce firm will purchase 12.49 billion existing and new shares for an estimated cost of USD804 million.
Through the purchase, Alibaba will increase its share in the Hong Kong- listed firm to 60 percent
The e-commerce firm will purchase 12.49 billion existing and new shares for an estimated cost of USD804 million.
Through the purchase, Alibaba will increase its share in the Hong Kong- listed firm to 60 percent
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