Temasek, GIC snap up US$1 billion stake in Alibaba

The shares were bought from SoftBank.

GIC and Temasek holdings each bought a US$500 million stake in Alibaba Group, a statement from Japanese telecommunications firm Softbank said.

The transaction was part of SoftBank's US$7.9 billion monetization of its stake in Alibaba.

SoftBank sold US$5.5 billion in Alibaba shares in a private placement to institutional investors. Another US$2 billion in share were bought by Alibaba, while a US$400 million stake was snapped up by members of the Alibaba Partnership.

Temasek and GIC bought the shares at US$74 per unit.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia