Alipay, a Chinese payment group, plans to sell its 3.4% stake in Indian food delivery giant Zomato for nearly $400 million. The stake sale is expected to be conducted via block deals this week. Zomato's shares have surged over 90% in 2023. Ant Financial, the parent company of Alipay, gained 4x profit after the stake sale.
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China's Alipay is selling stake in India's Zomato for nearly US$400 million - term sheet https://t.co/58bUohkkwW
#FPTech: #China's #Alipay pulls out of #Zomato, sells its stake for $400 million, as per leaked term sheet https://t.co/KWzvLbHnEp
China's Alipay sells stake in India's Zomato for nearly $400 mln - term sheet https://t.co/2JZgbcT4hd https://t.co/qWarOVwqf9
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Sources: Chinese payments group Alipay plans to sell its 3.4% stake in Indian food delivery giant Zomato for ~$400M; Zomato shares have surged 90%+ in 2023 (@followthemani / Reuters) https://t.co/oiZ5m3SYdH 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/iYLtuM1N5Y
Exclusive: China's Alipay to sell its stake in India's Zomato for nearly $400 million https://t.co/pwKUBgALdz https://t.co/fgdxVaHVWx
🔸EXCLUSIVE-CHINA'S ALIPAY PLANS $400M STAKE SALE IN INDIA'S ZOMATO-SOURCES 🔸EXCLUSIVE-ALIPAY TO SELL ITS STAKE IN INDIA'S ZOMATO VIA BLOCK DEALS THIS WEEK-SOURCES