Reuters exclusively reports Alibaba, others explore stake in cloud computing firm
Reuters reported exclusively that Alibaba Group Holding Ltd and Chinese state-backed firms are weighing bids for a stake in Unisplendour […] The post Reuters exclusively reports Alibaba, others explore stake in cloud computing firm appeared first on Reuters News Agency.
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Reuters reported exclusively that Alibaba Group Holding Ltd and Chinese state-backed firms are weighing bids for a stake in Unisplendour Corp, a cloud computing infrastructure firm, that could fetch as much as $7.7 billion. People familiar with the matter said chip conglomerate Tsinghua Unigroup, which is saddled with some $31 billion in debt, is looking to divest its 46.45% stake in Shenzhen-listed Unisplendour as more of its bond payments are coming due.
The post Reuters exclusively reports Alibaba, others explore stake in cloud computing firm appeared first on Reuters News Agency.
