Alibaba, the Chinese eCommerce giant, has increased its stake in China International Capital Corp. to close to 12 percent, reported Reuters. Alibaba purchased 117 million CICC H-shares listed in Hong Kong at an average price of HK$15.50, Reuters reported, citing an exchange disclosure. The total investment was HK$1.81 billion or $230.61 million, the news outlet noted. With the […]
