Prince Alwaleed Bets Another Chip on Chinese E-CommerceBy
Prince Alwaleed, Saudi Arabia’s most high-profile investor, shouldn’t need to make a new investment to capitalize on China’s rapidly growing Internet population. After all, the prince already is a major shareholder in Twitter, having put $300 million into the company in 2011. But China’s censors block Twitter (along with Facebook, YouTube, and others), so the Saudi billionaire needs another vehicle if he wants to take part.
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