Logo 15 Dec 2021

Ali loses bid for Unigroup restructuring

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Remember how Bloomberg said that Alibaba was about to lose the bid to bail out indebted state-owned chipmaker Tsinghua Unigroup?

Welp, they were right. 

Yesterday, indebted state-owned chipmaker Tsinghua Unigroup filed its restructuring plan with the Shanghai Stock Exchange... and Alibaba did...