(MENAFN) Chinese e-commerce giant Alibaba said it plans to buy stake in its online payment affiliate Alipay as it prepares a hotly anticipated IPO, according to Oman Observer.
The Wall Street Journal said that retaking the stake in Alipay "could significantly raise the future value of Alibaba."
People familiar with the matter that even if the a deal over the stake in Alipay is clinched, it was unlikely to come before the IPO.
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