Showing posts with label bank loans. Show all posts
Showing posts with label bank loans. Show all posts

Friday, May 25, 2012

UPDATE 1-China's CIC eyes up to $2 bln stake in Alibaba Grp - sources

HONG KONG, May 24 (Reuters) - Sovereign wealth fund China Investment Corp (CIC) is in advanced talks to buy an up to $2 billion stake in Alibaba Group, sources told Reuters, as the Chinese e-commerce powerhouse looks to secure the last of the funding it needs to buy back part of its stake from Yahoo Inc.