Singapore's GIC Pet Ltd. and Temasek Holdings have bought US$1 billion of shares in Chinese e-commerce giant Alibaba Group Holding Ltd. as part of an US$8.9 billion sale by Alibaba's biggest shareholder SoftBank Group Corp. The two Singaporean state investment firms each purchased US$500 million of Alibaba shares at US$74 apiece. Temasek is an existing […]
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