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Alibaba Sells Zomato Stake Worth INR 1,631 Cr, Temasek Buys 9.8 Cr Shares

Inc42 LogoInc422 mo ago

Alibaba Sells Zomato Stake Worth INR 1,631 Cr, Temasek Buys 9.8 Cr Shares - Inc42

Quick Summary:

Alibaba, through its Alipay Singapore Holding, sold almost half of its stake in Zomato, or 26.

Alibaba holds its stake in the foodtech giant via Alipay and Antfin Singapore Holding.

The stake sale decreased Alibaba’s total stakeholding in Zomato to 9.83% from 12.98% previously.


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Alibaba Sells Zomato Stake Worth INR 1,631 Cr, Temasek Buys 9.8 Cr Shares - Inc42 (Picture 1)

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Article Details

Author / Journalist: Tapanjana Rudra

Category: Startups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-30 @ 16:45:33 (2 months ago)

News Timezone: GMT +5:00

Ranking: #673 (out of 6481 stories this day)

News Source URL: inc42.com

Language: English

Article Length: 434 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Inc42

News ID: 2062680

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About Inc42

Inc42 Logo

Main Topics: StartupsBusiness

Official Website: inc42.com

Update Frequency: 7 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #52

Publisher Details

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The story "Alibaba Sells Zomato Stake Worth INR 1,631 Cr, Temasek Buys 9.8 Cr Shares" was covered 2 months ago by Inc42, a news publisher based in India.

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Inc42 is a fully independent (privately-owned) news outlet established in 1975 that covers mostly startups and business news.

The outlet is headquartered in India and publishes an average of 7 news stories per day.

It's most recent story was published 10 hours ago.

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  • URL: https://beamstart.com/news/alibaba-sells-zomato-stake-worth-16698273199303

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