Tiger Global picks up Alibaba stake for $199m
Tiger Global has agreed to acquire a minority stake in Alibaba Group from Chinese online game developer Giant Interactive Group for approximately $199.1 million. Giant originally invested $50 million in 2011 via limited partnerships managed by Yunfeng Capital set up specifically to hold stakes in Alibaba.
According to a regulatory filing, Giant will sell its entire interest in Yunfeng E-Commerce Fund A and Yunfeng E-Commerce Fund B to Tiger Global. The move comes about one month after the US-listed company...
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