Exclusive to Reuters-Alibaba and others are considering bids for a stake in Unisplendour valued up to $7.7 billion, according to sources. (Reuters) – HONG KONG/SHANGHAI People familiar with the situation said Alibaba Group Holding Ltd and Chinese state-backed enterprises are exploring bids for a stake in Unisplendour Corp, a cloud computing infrastructure firm, that could fetch as much as $7.7 billion. Tsinghua Unigroup, a chip giant with $31 billion in debt, is trying to sell its 46.45% interest in Shenzhen-listed Unisplendour as more of its bond payments come due, according to sources. Wuxi Industry Development Group, a company owned by the municipality of Wuxi in eastern China, Beijing Electronics Holdings, and state-backed semiconductor investment fund JAC Capital are among the potential suitors, according to the people./n
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