Investment Telecom Media & Technology

Tue, 09/29/2009 - 15:57

Alibaba to acquire controlling stake in HiChina

Beijing. September 29. INTERFAX-CHINA - Hong Kong Stock Exchange-listed Alibaba.com Ltd., China's largest business-to-business (B2B) e-commerce platform, has entered into a share purchase agreement to acquire a controlling stake in Internet infrastructure service provider, China Civilink, which operates as HiChina Web Solutions (Beijing) Ltd. in China, for a total cash consideration as high as RMB 539.98 million ($79.06 million), according to a Sept. 29 Alibaba announcement.

This article is only accessible to Interfax subscribers. To gain access to this article, as well similar in-depth articles and industry-specific content, please contact our sales staff by telephone (+852 2537 2262) .

Start free trial NOW