Alibaba Group Holding， China’s Internet giant，and Yunfeng Fund have invested 1.33 billion HKdollars ($171.23 million) to obtain 54.3 percent of shares in CITIC 21CN， an integrated information and content service provider.
Alibaba and Yunfeng， which willtake38.1-percent and 16.2-percent stakes respectively，plan to help fund a pharmaceutical information platform being developed by CITIC21CN Co. The ratio of its current major shareholderCITIC Group will drop to 9.92 percentand its current executive directors will resignand be replaced by five new ones commissioned by Alibaba.
CITIC 21CN’s statement filed to the HongKong Stock Exchange said the company wouldcontinue its current businesses and plansto expand its domestic pharmaceutical dataplat form. Alibaba will probably introduce new businesses or other forms of cooperation.
关注读览天下微信，
100万篇深度好文，
等你来看……
