ALIBABA GROUP HOLDIN

BABA
Delayed Quote. Delayed  - 09/24 04:10:00 pm
269.73USD -1.18%

Alibaba, China Mobile Consider $442 Million Investment in Zhejiang Dahua, Reuters Reports

09/16/2020 | 02:02am

--Alibaba Group Holding and China Mobile Ltd. are considering investing 3 billion yuan ($442.4 million) in Zhejiang Dahua Technology Co., Reuters reported, citing unnamed sources.

--The joint investment in the Shenzhen-listed surveillance-equipment producer may be done via a private share placement in the coming weeks, according to Reuters.

--China Mobile is also in talks for a CNY40 billion, three-year business agreement with Dahua, for the use of Dahua's big-data and cloud-computing services, the report said.

 

Full story: https://reut.rs/2RwydIE

 

Write to Singapore editors at singaporeeditors@dowjones.com

 

Copier lien
All news about ALIBABA GROUP HOLDING
21h ago
1d ago
1d ago
1d ago
1d ago