18 January 2019

Tiger Global buys into Alibaba for US$200 mln, paper says

US-based tech investment firm Tiger Global Management has paid about US$200 million for a stake in e-commerce giant Alibaba Group, USA Today reported Monday, citing people familiar with the situation. The transaction valued Alibaba at about US$125 billion, an unnamed source was quoted as saying. Both companies declined to comment on the deal, the report said.

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