Rumor: Alibaba Takes 20% in 21st Century Media

Tencent Tech, 6/12/14

According to an industry insider, an investment group led by Chinese e-commerce conglomerate Alibaba Group has invested RMB 500 mln in Guangdong-based media group 21st Century Media, with Alibaba holding a 20% stake in the post-diluted share capital of the company. In addition to Alibaba, China National Building Material Group and two other companies participated in the investment.

Neither Alibaba nor 21st Century Media have commented on the rumor.

Editor's Note: 21st Century Media is a media group focused on finance and economics, with newspaper properties that include the 21st Century Business Herald, Moneyweek, and 21st Century Business Review, as well as corresponding online news websites.

Keywords: M&A 21st Century Media e-commerce Internet Alibaba Group online information service investment

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