Browsing: stake

Alibaba to acquire 33pc stake in Ant Financial, clearing the way for Alipay operator’s IPO

Alibaba Group Holding has agreed to acquire a 33 per cent stake in affiliate Ant Financial Services, deepening the e-commerce company’s participation in China’s fast-growing financial technology sector and paving the way for the public listing


Read More
Alibaba to take US$486 million stake in China retail data firm

China’s biggest e-commerce company, Alibaba Group Holding, will invest US$486 million for a stake in a domestic big-data firm focused on hotels and retail, as part of a push to deepen its offline presence. The firm


Read More