• 11/11/2024

‘Important strategic partner’: Alibaba holds on to its Ant Group stake, declining to partake in fintech giant’s shares buy-back

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

“Alibaba has decided that it will not sell any shares to Ant under the proposed share repurchase, so as to maintain its shareholding,” the company said in a stock exchange filing.

https://www.scmp.com/business/banking-finance/article/3228656/important-strategic-partner-alibaba-holds-its-ant-group-stake-declining-partake-fintech-giants?utm_source=rss_feed