Investment
MARKETS: Alibaba, Jack Ma Offload Stocks From Paytm Mall
According to reports, Paytm Mall’s largest investor, Alibaba Group, has sold its entire stake in the e-commerce entity.
Alibaba has sold a 28.34 percent stake, and Ant Financials (Netherlands) unloaded another 14.98 percent of its shares.
The company has sold a 43.32% stake for INR 42 crores. The shares were bought back by Paytm E-commerce Pvt Ltd, the parent entity of Paytm Mall. Paytm said it is facing some unique challenges because of the pandemic.
The company is facing pressure from declining market economics and demanding circumstances that impose continuous pressure on financial metrics, and the specified shareholders (Alibaba and Ant Financial) have expressed their desire to exit their investments in the company. The sale price of Jack Ma’s stake in Paytm Mall brings the company’s valuation down to Rs 100 crore from $3 billion.
Said Ahmed Safrar Appointed CEO of Dhofar International Development & Investment Co. SAOG
Your Guide to Oman’s 10-Year Golden Residency
Sohar Industrial City Localizes 6 New Projects Worth Over RO27Mn
xAI Open-Sources Grok 2.5, Signaling Accelerated AI Push
Over RO12M Allocated for Al Mudhaibi Internal Road & Linkage Projects
President Vladimir Putin Issues 46 Strategic Instructions Following SPIEF 2025
Oman, Lebanon Discuss Boosting Trade and Investment Cooperation
Panasonic, OMASCO Mark 50-year Partnership with Launch of new EU-Series AC Designed for Oman Market
ANALYSIS: Oman’s Public Debt Declines as Fiscal Pressures Shift in Q2 2025
Meetings Conclude Discussion on Detailed Budget Estimates for Fiscal Year 2026
Power And Beyond: The Path To A Low-carbon Future
Time to Buy Saudi Stocks? Some Investors Look at Dubai Instead
Al Mouj Muscat unveils Ghadeer Villas
Retail Abu Dhabi’s ‘Unbox Amazing’ generates sales of more than AED 2 billion in participating stores
Renewables are booming, but not fast enough to cap greenhouse emissions
Hospitality Industry in Oman Estimated 90% Growth in 2022
Saudis Sign Deals From Energy to Metals in Bid to Salvage Forum
Saudi Arabia’s Gold Miner Plans to Be a Global Top-20 Supplier
Technology to drive Sultanate’s downstream industry
Digitization and Logistics Service Providers Can Help SMEs Make the Most of Peak Season Retail Trends
VIDEO: Robert MacLean on how NHI is Shaping Oman’s Next Generation of Hospitality Leaders
The Future of Oman: Decoding The Sultanate of Oman’s Strategic Promotional Nation Brand
EXCLUSIVE: AI, Robotics & Wearable Sensors are Changing the Lives of Dementia Patients
EXCLUSIVE: Talking Renewable Projects & Sustainability in Oman and Beyond with Vipul Tuli
VIDEO: Eng. Salim Al Thuhli, CEO, Khazaen Economic City on Investment Opportunities
H.E. Salim Al Aufi, Minister of Energy & Minerals talks about Oman’s Green Hydrogen Goals
VIDEO: Talking Latest Developments in Aircraft Ground Guidance & More at Oman Airports
VIDEO: Dr. Firas Al-Abduwani Discusses Green Hydrogen, Potential Regions for Development & Creating a Green Ecosystem
VIDEO: Discussing The Future of Green Hydrogen in Oman with H.E. Salim Al Aufi
Celebrating Infoline’s Remarkable 20-Year Journey
-
Banking & Finance2 months agoNational Finance Reinforces Position as Partner for Growth, Offers a Comprehensive Product Suite to Support Customer Ambitions
-
OER Magazines1 month agoOER, July 25
-
Alamaliktistaad Magazines1 month agoAl-Iktisaad, July 25
-
Education2 months agoRussia offers diverse tourism and education opportunities: Sofia Malyavina
-
Digital1 month agoRussia’s Digital Frontier: An Inside Look with Alexey Goreslavsky of IRI
-
News4 weeks agoOpenAI Strengthens ChatGPT’s Mental Health Safeguards Ahead of GPT-5 Launch
-
Energy2 months agoOman Investment Authority launches the Sultanate’s First Energy Transition Fund
-
Business2 months agoNeed to rebuild trust and collaboration says Alexander Stuglev, Chairman & CEO of the Roscongress Foundation