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Hangzhou-based Chinese e-commerce giant Alibaba Group has acquired 54% in Chinese pharmaceutical data firm CITIC 21CN for around HK$1.3 billion ($170 million), according to a security filing. Hong Kong-listed CITIC 21CN is a subsidiary of Chinese state-owned conglomerate CITIC Group. Aside from Alibaba, Yunfeng Capital, a Shanghai-based private equity firm set up by Alibaba’s founder […]
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