Alibaba affiliate Ant sells stake in tech news site 36Kr as fintech giant enters final straight of restructuring

Source: China – South China Morning PostAnt Group, the fintech group affiliated with Alibaba Group Holding, has sold its entire stake in a Chinese tech news portal, according to a corporate filing with the US Securities and Exchange Commission, marking its latest restructuring amid a tougher regulatory environment.Ant invested in tech news platform 36Kr in 2015 and held a 15.1 per cent stake in the company, 36Kr’s filing shows. On Friday, shares of 36Kr closed at US$0.64, down over 90 per cent since it went public on Nasdaq in…Read More

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