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Baba Denies Selling Best's Stakes
The BABA-SW (09988.HK)-backed Best Inc (BSICY.US) is weighing over strategic buildout plans including a sale, Reuters citing insiders.
Best is owned as to 33% by BABA-SW and 11% as to Best Founder and CEO Johnny Chou. Both parties may end up selling their stakes, according to sources.
However, BABA-SW replied that the report was incorrect.
AAStocks Financial News
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