The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Alibaba's Joseph Tsai joins Momo board, reviving buyout wagers

Published Wed, Feb 24, 2016 · 09:50 PM
Share this article.

New York

MOMO Inc surged after naming Alibaba Group Holding's vice-chairman to its board, stoking speculation that the Chinese maker of a dating app may be able to complete a management-led buyout with help from the country's biggest online retailer.

The American Depositary Receipts (ADR) of Momo rose 20 per cent to US$12 in New York on Tuesday, the most since May 2015, as Momo said that Alibaba co-founder Joseph Tsai has joined its board as a director. The e-commerce company invested in Mo…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here