Online food delivery platform Zomato has raised another $210 million in funding from Ant Financial, the financial arm of Alibaba Group. Info Edge disclosed in a stock exchange filing on Friday that it’s ownership in Zomato will fall from 30.91% to 27.68% as a result of the infusion from Alipay Singapore Holding Pte. Ltd or other […]
Tag: alibaba china
Alibaba’s co-founder and executive chairman, Jack Ma will retire from the e-commerce giant he founded in 1999, according to New York Times. He plans to pursue philanthropy in education post his retirement. Jack Ma, was a former English teacher at the Hangzhou Institute of Electrical Engineering and has always been known to his commitment to […]