Friday, April 4, 2014

Alibaba founder Jack Ma buys into Chinese software firm

SHANGHAI, Apr 4 – Jack Ma, the billionaire founder of Chinese e-commerce giant Alibaba, is to pay $531 million for a stake in a domestic software developer for the financial industry, a statement said. Zhejiang Finance Credit Network Technology, which is owned by Ma, will take a 20.62 percent stake in Shanghai-listed Hundsun Technologies, Hundsun […]

Read more here Capital Business