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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

Kalpana Rashiwala

Kalpana Rashiwala

Published Fri, Apr 17, 2015 · 09:50 PM

    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-ups.

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