Tag Archives: Jack Ma

Alibaba enters Asian lottery space with AGTech $308 million investment

SBC News Alibaba enters Asian lottery space with AGTech $308 million investment

Alibaba Group, Asia’s biggest online retailer, has agreed to buy a majority stake in Hong Kong-listed lottery technology provider AGTech Holdings for HK 2.4 billion ($308 million). The deal which will be processed through Alibaba investment subsidiary, Ali Fortune Holdings will see the retailer enter the rapidly growing Chinese lottery sector. Issuing a public filing with the Hong Kong Stock …

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