News > Alibaba to sell Zomato shares worth $200M on Nov 30: Report
Alibaba to sell Zomato shares worth $200M on Nov 30: Report
30/11/2022 09:28 AM | Click to read full article
Alibaba Group, one of Zomato's biggest shareholders, will reportedly sell shares worth $200 million in the food delivery firm on November 30. The Chinese e-commerce company owns a 13% stake in Zomato through its two subsidiaries, Ant Financial and Alipay. Cab aggregator Uber and Tiger Global Management also sold their shares earlier.
