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Alibaba Open to Temasek, CIC Investment to Buy Back Yahoo

Alibaba Group Holding Ltd. founder Jack Ma said China’s biggest e-commerce provider is prepared to sell a stake to sovereign wealth firms to fund its buyback of shares from Yahoo! Inc.

Alibaba is open to investments from firms such as China Investment Corp. and Temasek Holdings Pte as long as the ownership structure isn’t dominated by one or two large shareholders, Ma, 47, said in an interview in Beijing yesterday. Temasek is already an investor in Alibaba, which last month agreed to buy a 20 percent stake in itself from Yahoo for $7.1 billion ahead of an initial public offering.