CIC-Led Group Said to Pay $2 Billion for Alibaba Holding

Investors led by China Investment Corp. paid $2 billion to acquire a 5.6 percent stake in Alibaba Group Holding Ltd., the country’s biggest e-commerce company, according to a person with knowledge of the matter.

The group includes CIC International, Boyu Capital, CITIC Capital and China Development Bank, said the person, asking not to be identified because the details aren’t public. The parties were identified as investors in a Sept. 18 statement and the company isn’t providing details on the individual investments, Alibaba spokesman John Spelich said in an e-mail yesterday. Phone calls to CIC’s Beijing-based press office went unanswered.