Scalper1 News
China e-commerce giant Alibaba Group (BABA) is looking to sell its 7% stake in Chinese online discounts site Meituan-Dianping for about $1 billion, according to a report Monday in the Wall Street Journal. Alibaba-backed Meituan.com and Tencent Holdings (TCEHY)-backed Dianping Holdings merged last month to create China’s leading online booking and discounts platform, similar to Groupon (GRPN). Alibaba could instead become a major shareholder in Scalper1 News
Scalper1 News