The Chinese central government is leaning towards the Alibaba-led offer given the e-commerce giant’s financial heft and the potential synergies with its own cloud and semiconductor business, sources said.
BEIJING: A consortium led by Alibaba Group Holding Ltd, has emerged as the frontrunner to take over Tsinghua Unigroup Co, a deal that could fetch more than 50 billion yuan (US$7.8bil or RM32.69bil) to help keep China’s indebted chip champion afloat.
The Chinese central government is leaning towards the Alibaba-led offer given the e-commerce giant’s financial heft and the potential synergies with its own cloud and semiconductor business, sources said.
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