BEIJING: The founders of Alibaba Group Holding Ltd and Tencent Holdings Ltd were among a consortium of investors who purchased stakes in Ping An Insurance Group Co of China Ltd in a HK$36.5bil (RM16.15bil) deal, in one of the largest Hong Kong share offerings of the year.
Alibaba executive chairman Jack Ma was one of Ping An's new backers, according to a person familiar with the matter. Tencent chairman Pony Ma also participated, according to domestic financial news magazine Caijing.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!