Alibaba unit buys 50% stake in Singapore's AXA Tower

Alibaba unit buys 50% stake in Singapore's AXA Tower

Marina Bay, Singapore. Photo: Victor He/Unsplash

A consortium led by Singapore’s Perennial Real Estate Holdings has agreed to sell a 50 per cent stake in an office building to a subsidiary of Chinese e-commerce giant Alibaba Group Holding Ltd, according to a statement.

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