Chinese Group Alipay Said to Have Sold 3.4 Percent Stake in Zomato
Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato for nearly $400…
SoftBank, Ant Group Likely to Sell Paytm Stakes via Block Deal: Report
China’s Ant and Japan’s SoftBank are likely to offload their stakes in Indian digital payments firm Paytm in the open…
Alibaba Beats Revenue Estimates Amid COVID-19 Lockdown in China
Alibaba on Thursday beat expectations for fourth-quarter revenue, as growing demand for some of its niche online shopping services in…
Tencent Posts Slowest-Ever Sale Rise in Q4, Regulation Impact Set to Ease
Revenue at Chinese social media and gaming giant Tencent grew just 8% in the fourth quarter, the slowest pace since…
Paytm Shares Priced at Rs. 2,150 in Rs. 18,300-Crore IPO
India’s Paytm has priced its shares at Rs. 2,150 each, the top of its price range, in its Rs. 18,300…
Paytm IPO Subscribed 48 Percent as Firm Heads Into Last Issue Day
Indian fintech firm Paytm’s initial public offering (IPO) of up to Rs. 18,300 crore was subscribed 48 percent on the…
Paytm Signs Up Over 100 Institutional Investors for IPO
Ant Group-backed fintech firm Paytm said it has allocated shares worth Rs. 8235 crore to more than 100 institutional investors,…
Alipay Said to Be the Target of Fresh Tech Crackdown in China
Chinese regulators have ordered sweeping changes to the country’s biggest payment app Alipay, as the ruling Communist Party attempts to…