Alipay

The stock performance of restaurant aggregator and food delivery platform Zomato could improve following the removal of the share sale overhang

Alipay's sister concern Antfin Singapore Holding held another 6.39 per cent stake in Zomato at the end of the September 2023 quarter

WhiteOak Capital Mutual Fund on Wednesday anno­unced the launch of new fund offer (NFO) - Large & Mid Cap Fund, an open-en­ded equity scheme investing in both largecap and midcap stocks

Shares of Zomato have nearly doubled this year as the company started to turn a profit after going public in 2021, prompting some of its biggest investors to lock in gains on their investments

The deal comes after Reuters reported on Tuesday that Alipay was planning to sell its 3.4% in Zomato through block deals on the Indian stock exchanges

According to a Reuters report, Alipay Singapore Holding has sold its entire 3.44 per cent stake in the company for $400 million

Bank of America and Morgan Stanley are advisers on the deal, which is likely to be executed later this week on Indian exchanges, said the three sources, who declined to be named as the plan is private

There is merit in carefully examining the recent developments in China's sovereign digital currency space and participating in it if India's interests are served

Beijing wants to break up Alipay and create a separate app for the company's highly profitable loans business, the Financial Times reported on Sunday.

Bitcoin declines to two-week low and ether falls 13% as crackdown widens

Trump has signed an executive order barring transactions with eight Chinese apps including Alipay and WeChat Pay to protect America's national security

Ant has "voluntarily removed" the online deposit products from Alipay "in accordance with the recent regulatory requirements for online deposits services," according to a company statement

The apps were blocked on grounds of national security.

Ma's 8.8% stake is worth $27.4 billion based on the stock pricing in Hong Kong and Shanghai

Ant is set to raise as much as $19.8 billion in Hong Kong if it fully exercises an over-allotment option

A 2011 offshoot of Chinese giant Alibaba Group Holding Ltd., the firm has defined and dominates the Chinese payments market through its ubiquitous Alipay app

Ant's Alipay service processed $17 trillion in transactions

Any investigation would likely dampen enthusiasm for Ant Group's planned dual listing in Hong Kong and Shanghai that is seeking a valuation of more than $200 billion

Ant is planning to list on Shanghai's STAR market & Hong Kong

Earlier, there have been reports of Reliance talking to Google