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Tag: Alibaba Group

China’s Antfin sells almost half of its stake in Zomato for $570 million

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China’s Antfin sells almost half of its stake in Zomato for 0 million

Credit: Reuters Antfin Singapore, an Alibaba Group company, sold shares of India’s Zomato worth 47.72 billion rupees ($570 million) on Tuesday, reducing its stake in the food and grocery delivery platform by almost half to 2.2 percent, stock market data showed. Antfin, which held a 4.3% stake in Zomato on June 30, sold the shares […]

Michael Burry increases Alibaba stake and halves stock portfolio

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Michael Burry increases Alibaba stake and halves stock portfolio

(Bloomberg) — Michael Burry, the hedge fund manager best known for his 2008 bet against the U.S. housing market and his later portrayal in the book and movie “The Big Short,” continued to increase his stake in Alibaba Group (BABA) Holding Ltd. while halving his overall stock portfolio in the second quarter. Most read by […]