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.
Sohar International Launches Expatriate Banking Proposition with Housing Loans, Cashback, Insurance & Digital Remittance Solutions
INVESTIGATION: What Happens to Oman’s Economy at $60, $80, $100 and $120 Oil?
From Liverpool to Sultana: Testimonies to Centuries-Old Omani-British Friendship
What is El Nino – And How Is It Expected To Affect Oman’s Weather & Economy?
VIDEO: Building Oman’s Future – SAH’s Vision for Infrastructure, Innovation and Growth
The Hidden Price of Convenience: What People in Oman Spend on Food Delivery, Coffee & Subscriptions
VIDEO: Oman Cables Breaks Ground on OMR 10 Million-Plus Plant to Power Oman’s Industrial Future
Liva Insurance Recognised for Leadership in Insurance Innovation and Digital Transformation at OERLive DX Oman
Oman Air Launches Winter Schedule with Additional Frequencies, Expanded Capacity & New Codeshare Destinations
IHE and Eicher Trucks and Buses promote school bus safety awareness among students
Power And Beyond: The Path To A Low-carbon Future
Al Mouj Muscat unveils Ghadeer Villas
Time to Buy Saudi Stocks? Some Investors Look at Dubai Instead
Hospitality Industry in Oman Estimated 90% Growth in 2022
Renewables are booming, but not fast enough to cap greenhouse emissions
Retail Abu Dhabi’s ‘Unbox Amazing’ generates sales of more than AED 2 billion in participating stores
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: Building Oman’s Future – SAH’s Vision for Infrastructure, Innovation and Growth
VIDEO: Oman Cables Breaks Ground on OMR 10 Million-Plus Plant to Power Oman’s Industrial Future
VIDEO: Hitesh Akarte on Khimji Ramdas Infrastructure’s Role in Oman Vision 2040
Oman’s Hospitality Sector Enters a New Phase of Growth: Sadiq Al Matwani Al Lawati
Amr Baabood: Oman Climate Week Is About Moving From Climate Ambition to Climate Action
Mayan Al Asfoor on Leadership, Legacy and Empowering Omani Talent
LEADERSPEAK: Dhofar Insurance CEO Sunil Kohli on Oman’s Insurance Sector, Reinsurance & Market Outlook
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
-
Artificial Intelligence1 month agoTop 5 Interesting Things AI Did This Month – September 2026 Edition
-
Fashion3 weeks agoLuxury Watches That Could Appreciate Over the Next Decade [2026 Auction Buyer Guide]
-
Economy3 weeks agoOER Magazine September Edition 2026
-
Banking & Finance1 month agoThe GCC’s 10 Richest Billionaires: Inside US$253.5 Billion of Wealth
-
Magazines2 months agoOER Magazine July Edition 2026
-
Magazines2 months agoAl Mar’a Magazine July 2026
-
Banking & Finance1 month agoINVESTIGATION: What If You Bought Apple Stock Every Time You Bought an iPhone?
-
Alamaliktistaad Magazines2 months agoAlam Al-Iktisaad Magazine July 2026 Edition