Alibaba Raises Stake in Top Chinese Investment Bank CICC
The China International Capital Corp. (CICC) logo is displayed at a securities brokerage branch in Beijing, China. (Photographer: Giulia Marchi/Bloomberg)

Alibaba Raises Stake in Top Chinese Investment Bank CICC

(Bloomberg) -- Alibaba Group Holding Ltd. has acquired another chunk of shares in China International Capital Corp. for about HK$1.8 billion ($230 million), enlarging its stake in a prestigious inv...
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