Recent investments have been drawing attention to Chinese home-grown ventures that are tapping into the global investment market to raise capital for future growth.

Billionaire Alwaleed Buys Stake in China’s 360buy

From Businessweek, article here.

Saudi billionaire Prince Alwaleed bin Talal bought a stake in Chinese online retailer 360buy Jingdong Inc., joining a group of investors in tapping one of the world’s fastest growing e-commerce markets.

360buy raised about $700 million from the Alwaleed- controlled Kingdom Holding Co., Canada’s Ontario Teachers Pension Plan and some existing major shareholders, the Beijing- based company said in an e-mailed statement today. Kingdom invested $125 million in Beijing-based 360buy, the investment company said Feb. 16.

Alwaleed, the world’s 14th-richest person, joins Baidu Inc co-founder Robin Li and Russia’s Digital Sky Technologies in investing in 360buy, as demand grows in China’s $196 billion e- commerce market. China has the highest number of people who buy goods online, nearly 220 million in 2012, according to industry researcher eMarketer Inc.

The number of online users in China gained 10 percent last year to 564 million, more than the population of any country except India, the government-run China Internet Network Information Center said last month.

Baidu CEO Robin Li (pictured) has also heavily invested in 360buy.com.

Baidu CEO Robin Li (pictured) has also heavily invested in 360buy.com.

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