Exclusive: Alibaba, Part of Planned Taiwan Fund, Won’t Seek Board Seats At Local Firms
Alibaba Group Holding, which is awaiting regulatory approval for a $45 million fund it is participating in, has promised the Taiwanese government it will not take board seats at local firms the fund invests in, a source with direct knowledge of the matter said. The fund is being raised by China Development Financial Holding (CDF), … Read more