Ayala group acquires stake in business-to-business firm

In a transaction which characterizes the only encouraging aspect of capital raising in the Philippines û dotcom financing û the Ayala Group is set to acquire a stake in B2B portal MeetChina.com.

In a transaction that has come to characterize the only encouraging aspect of capital raising in the Philippines dotcom financing the Ayala Group is set to acquire a stake in MeetChina.com, a Chinese business-to-business B2B portal.

Through its newly-formed internet investment arm, iAyala, the property and telecom conglomerate invested $6 million, or about 20% of the proposed $30million financing for the B2B portal that provides an online trading platform for sourcing products from China.

The MeetChina.com business...

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