Silver Lake, DST Global, Tamasek and Yungfeng e-Commerce Funds are leading a US$1.6bn tender offer for privately held employee and shareholder stock of Alibaba Group.  If the tender is fully subscribed it would mean a stake of just under 5% valuing Alibaba at US$32bn.

In addition Giant Interactive Group Inc said it will invest $50 million in China’s e-commerce company Alibaba Group through an investment in Yunfeng e-Commerce Funds.   Yunfeng e-Commerce Funds was established by Yunfeng Capital, a China-based private equity firm co-founded by Alibaba CEO Jack Ma.

Source:  Reuters – PEHUB