Alibaba Group Holding Ltd. has reached a roughly US$900 million deal to sell its stake in Meituan-Dianping, as the Internet giant focuses on building its own competing platform Koubei, the Wall Street Journal reported citing people familiar with the matter. Alibaba sold its stake to some of the investors who participated in Meituan-Dianping’s US$3.3 billion […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.