Ant Group, controlled by Chinese billionaire Jack Ma, on Tuesday won a large commercial site in Hangzhou, its second in its hometown for 1.31 billion yuan (US$202 million), according to the city government records.The price of the land in Zhijiang National Tourist Resort Area, West Lake district, which can yield a total gross floor area of 325,795 square metres, works out to 4,035 yuan per square metre. Ant, an affiliate of Alibaba Group Holding, the owner of this newspaper, paid about 22 per…
Source : South China Morning Post
Read more…Alibaba affiliate Ant Group pays US2 million for second plot of land in its hometown of Hangzhou
