Alibaba Seek Primary Listing In Hong Kong, Adding To NYSE
Chinese eCommerce giant Alibaba said on Tuesday that it would apply for a primary listing in Hong Kong. According to the reports, the listing is expected to be completed by the end of the year, which will turn Alibaba into a dual primary listed company on the New York Exchange and the Hong Kong Stock…
SHAHID MUSHTAQ
Jack Ma’s Firms Sold 43.3% Stake in Paytm For $5.6 Million
Jack Ma’s firms, Alibaba and Ant Financial, back off from Paytm and have sold their 43.3% stake to the company for just $5.5 million (around Rs. 42 crores). In the last round of funding in 2020, the company was valued at $3 billion. From the combined 43.3% stake, Alibaba had 28.35%, and Ant Financials owned…
Vikas