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#64440 - 10/09/1311:52 AM[Reuters] Alibaba invests $193 million to buy Chinese asset manager Tianhong
BEIJING (Reuters) - Chinese Internet company Alibaba Group has invested 1.18 billion yuan ($192.8 million) to buy fund management company Tianhong Asset Management Co, Tianhong shareholder Inner Mongolia Junzheng Energy & Chemical Industry Co said in a statement on Wednesday.