Today’s Deals – Alibaba Will Reportedly Sell Its Meituan-Dianping Stake For $900M

shutterstock alibaba 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

from TechCrunch

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