The AXA Tower in Singapore. Alibaba’s stake in the building is being viewed as solidifying its commitment to the city state. Photo: Roy Issa The AXA Tower in Singapore. Alibaba’s stake in the building is being viewed as solidifying its commitment to the city state. Photo: Roy Issa
The AXA Tower in Singapore. Alibaba’s stake in the building is being viewed as solidifying its commitment to the city state. Photo: Roy Issa

Alibaba acquires 50 per cent stake in Singapore’s AXA Tower, home to its Lazada e-commerce unit

  • Alibaba Singapore acquires the stake from a consortium led by Perennial Real Estate Holdings
  • Deal values the 50-storey prime office tower at US$1.2 billion

Topic |   US-listed Chinese stocks
The AXA Tower in Singapore. Alibaba’s stake in the building is being viewed as solidifying its commitment to the city state. Photo: Roy Issa The AXA Tower in Singapore. Alibaba’s stake in the building is being viewed as solidifying its commitment to the city state. Photo: Roy Issa
The AXA Tower in Singapore. Alibaba’s stake in the building is being viewed as solidifying its commitment to the city state. Photo: Roy Issa
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