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Alibaba co-founder said to have bought penthouse at Le Nouvel Ardmore

Singapore permanent resident Sun Tongyu was former president of Taobao e-commerce site

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ONE AND ONLY: Le Nouvel Ardmore's sole penthouse spans the project's top two levels; it has five bedrooms, with a family area and study area on level 32, and a private pool, roof terrace, a gym and an entertainment area on level 33.

Singapore

THE buyer of the S$51 million penthouse that Wing Tai recently sold at Le Nouvel Ardmore is believed to be Sun Tongyu, one of the founders of Alibaba.

Mr Sun was also formerly president of Alibaba Group's consumer-focused e-commerce site Taobao but now invests in start-

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