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Alibaba close to deal to buy ZTEsoft - report

2017-06-28 11:19:00| Telecompaper Headlines

(Telecompaper) Alibaba Group is close to a deal to acquire ZTE's software subsidiary, people familiar with the deal told Bloomberg. Talks to buy ZTEsoft have been underway for several months and could lead to Alibaba paying CNY 2-3 billion for the company, the report said. ZTEsoft provides software support and services to telecom carriers around the world and is expected to help grow Alibaba's cloud computing business.

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