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Alibaba invests $520m in Uniview Parent Company

Posted by Martin Griffin on 12-Jun-2019 08:56:36

Alibaba Group (listed on NYSE as BABA) has acquired a 15% stake in TransInfo, the parent company of Uniview. The deal is worth in the region of $520m USD (RMB 3.59 billion) and makes Alibaba Group the 2nd largest shareholder of TransInfo.

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Topics: Uniview, Alibaba, TransInfo, UNV