Mumbai (Maharashtra)/ New Delhi [India], December 14 (ANI/BusinessWire India): Cyril Amarchand Mangaldas advised Morgan Stanley India Capital Private Limited (Morgan Stanley), in relation to the sale of equity shares of Zomato Limited (Zomato) by Alipay Singapore Holdings Pte. Ltd (an Alibaba Group entity) on the screen based trading platform of the BSE and the NSE. This transaction comprised a sale of about 3 per cent stake in Zomato Limited. Morgan Stanley acted as the Broker to Alipay Singapore.
Beijing [China], August 11 (ANI): Chinese e-commerce giant Alibaba Group Holding Ltd. has fired around 10,000 employees. during the June quarter, various media reported.
Beijing [China], July 26 (ANI): Chinese giant Alibaba has announced plans to apply for a primary listing in Hong Kong opening up the firm to a vast pool of mainland China investors for the first time, media reports said.
Hong Kong, November 19 (ANI): Amid Beijing's continued regulatory crackdown, tech giant Alibaba's shares plunged to nearly 11 per cent on Friday after the company warned of weaker growth this year as China's economy slows.
Tokyo [Japan], October 22 (ANI): After the removal of term limits in 2018, President Xi Jinping is heading into a third term and could rule China indefinitely.
Beijing [China], September 26 (ANI): Of late China's big tech firms like Alibaba, Tencent and Baidu are facing problems under growing pressure from Beijing's campaign to rein in their power and influence.