As reported in Reuters and other media outlets, Paul, Weiss client Temasek Holdings Limited, Singapore's state-owned investment firm, acquired $500 million of ADRs in Alibaba Group Holdings Limited from SoftBank Group.

Alibaba is one of the largest Internet companies in China and provides the fundamental technology infrastructure and marketing reach to help merchants, brands and other businesses that provide products, services and digital content to leverage the power of the Internet to engage with their users and customers. Temasek, an existing shareholder of Alibaba where Paul, Weiss assisted them in its initial investment, decided to increase its shareholding in the NYSE listed company.

The Paul, Weiss team included corporate partners Jeanette Chan and David Huntington.