|Delayed - 09/24 04:10:00 pm|
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
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