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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. Read More