HONG KONG: Alibaba Group Holding Ltd and Chinese state-backed firms are weighing bids for a stake in Unisplendour Corp, a cloud computing infrastructure firm, that could fetch as much as US$7.7bil (RM32.28bil), people familiar with the matter said.
Chip conglomerate Tsinghua Unigroup, which is saddled with some US$31bil (RM130bil) in debt, is looking to divest its 46.45% stake in Shenzhen-listed Unisplendour as more of its bond payments are coming due, they said.
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