Soros Takes Stake in China’s Alibaba

The Financial Times reports:

George Soros has become one of’s largest shareholders after buying into the company late last year, according to the Chinese e-commerce provider.

The involvement of the US billionaire investor was revealed on Friday by David Wei, chief executive of

It came as Alibaba Group, the website’s parent, said it was ready to buy out Yahoo, which holds a 39 per cent stake in the parent.’s shares rose 5 per cent to close at HK$15.82 in Hong Kong after rallying 11 per cent at one point. The shares have lagged other Hong Kong-listed stocks with a 13 per cent slide this year .


Subscribe to CDT


Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.