PCCW May Invest in Former Alibabadotcom CEO’s Private Equity Fund The Hong Kong company raised HK$9.3 #billion ($1.2 #billion) last year #MarkLee @bloombergnews #bennyquetell @resilient_ent #resilientmediaentertainment

PCCW Ltd. (8), which controls Hong Kong’s biggest telecommunications operator, said it may invest as much as $25 million in a private equity fund co-founded by Alibaba.com Ltd. former Chief Executive Officer David Wei. Wei’s Vision Knight Capital (China) Fund I LP may seek as much as $300 million in capital from its partners to invest in securities, including debt and equity, PCCW said in a statement to the Hong Kong stock exchange today. Wei is a non-executive director at PCCW.

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