HONG KONG: Alibaba is disrupting China's web fundraising wars.
The Chinese web group is offloading a stake in Meituan Dianping at the same time as the local startup seeks up to US$3bil (RM12.77bil) in fresh funds. The parallel sales will test investor demand for China's "online-to-offline" services boom.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!