Alibaba Cleared to Take Hong Kong Unit Private

Alibaba Cleared to Take Hong Kong Unit Private Play

May 25 (Bloomberg) -- Alibaba Group Holding Ltd., China’s biggest e-commerce company, was cleared to take its Hong Kong-listed unit private after minority shareholders at the subsidiary approved a $2.5 billion buyout offer from the parent. Bloomberg's Paul Allen reports on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

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