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Alibaba open to sovereign sale

(China Daily) Updated: 2012-06-09 11:00

Alibaba Group Holding Ltd founder Jack Ma said China's biggest e-commerce provider is prepared to sell a stake to sovereign wealth firms to fund its buyback of shares from Yahoo Inc.

Alibaba is open to investments from firms such as China Investment Corp and Temasek Holdings Pte, as long as the ownership structure is not dominated by one or two large shareholders, said Ma.

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