Alibaba increases stake in Hong Kong-listed real estate firm

Alibaba increases stake in Hong Kong-listed real estate firm

REUTERS/Aly Song

Alibaba Group Holding Ltd. has agreed to buy HK$828.1 million ($118.5 million) worth of shares in Hong Kong-listed E-House (China) Enterprise Holdings Ltd., as the e-commerce giant expands its presence in the real estate sector to broaden revenue streams.

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