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Alibaba’s second investment in Singpost approved; completes Quantium JV

Benjamin Cher Published on Thu, Oct 27, 2016 / 7:31 PM GMT+8

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SINGAPORE (Oct 27): The Infocomm Media Development Authority of Singapore has finally given Alibaba the go-ahead to increase its stake Singpost for the second time from 10.2% to 14.4%.

(See also: Has SingPost-Alibaba JV hit a snag?)

(See also: Alibaba to raise stake in SingPost to 14.51% with $187.1 million share acquisition)

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