Monday 20 February 2012 7:10 pm  |  Updated:  Thursday 30 May 2019 8:14 am

Alibaba Group takes $3bn loan

By: KCS-content

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Chinese e-commerce firm Alibaba Group was yesterday set to sign a $3bn (£1.9bn) loan it plans to use to take private its Hong Kong-listed unit, Alibaba.com. Alibaba Group, which is 40 per cent-owned by Yahoo, is looking to take Alibaba.com private in a bid to strengthen founder Jack Ma’s control of his e-commerce empire.