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BUSINESS & TECH

China Railway Opens Door for Alibaba to Join Share-Holding Reform Plan

By Lu Bingyang, Sun Lizhao and Coco Feng
A high-speed train approaches the East Railway Station in Yichang, Hubei. China Railway Corp. General Manager Lu Dongfu welcomed Alibaba to join the rail giant’s share-holding reform plan. Photo: Visual China
A high-speed train approaches the East Railway Station in Yichang, Hubei. China Railway Corp. General Manager Lu Dongfu welcomed Alibaba to join the rail giant’s share-holding reform plan. Photo: Visual China

(Beijing) — E-commerce giant Alibaba may get a chance to invest in China Railway Corp., as China’s state-owned rail operator prepares to join an early parade of state-owned enterprises selling stakes to the private sector as part of a national reform program.

CRC is working on a stake-holding reform plan, which includes securitization and capitalization of its assets, General Manager Lu Dongfu said earlier this week when he met with Alibaba Chairman Jack Ma. Lu welcomed Alibaba to be part of the reform plan.

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