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January 28, 2016 09:42 am GMT
Alibaba has reportedly reached an agreement to sell its stake in Meituan-Dianping, the group deals and online booking site that recently raised an eye-popping $3.3 billion round. According to the Wall Street Journal, Alibaba will sell its shares for about $900 million. It’s not a surprise that the Chinese e-commerce giant wants to offload its stake. According to an earlier report,… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/NECawmFzyEU/
Alibaba Will Reportedly Sell Its Meituan-Dianping Stake For $900M
Alibaba has reportedly reached an agreement to sell its stake in Meituan-Dianping, the group deals and online booking site that recently raised an eye-popping $3.3 billion round. According to the Wall Street Journal, Alibaba will sell its shares for about $900 million. It’s not a surprise that the Chinese e-commerce giant wants to offload its stake. According to an earlier report,… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/NECawmFzyEU/
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