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Alibaba Invests In Series C In 1919 Wines | Swfi - Sovereign Wealth Fund Institute

by swfinstitute.org posted 8months ago 33 views
On October 18, 2018, Alibaba Group Holding Limited, through Alibaba (China) Network Technology Co., Ltd, invested some 2,000,000,065.08 RMB (US$ 288,447,000) for 39,277,299 shares in a Series C round into 1919 Wines & Spirits Platform Technology Co., Ltd., a Chinese alcohol beverage e-commerce retailer. Post-deal, Alibaba owns about 29% of the company shares and became […]

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