36Kr Shares Soared Nearly 22% in Premarket Trading
Tiger Newspress2022-03-14
36Kr shares soared nearly 22% in premarket trading.
Ant Group has sold its stake in 36Kr, a tech news portal, to streamline its investment structure amid China's antimonopoly regulatory efforts to ensure orderly and sustainable development of the financial and technology sectors.
Ant Group has sold all of its 15.1-percent stake in 36Kr Holdings, a US-listed new-economy focused content and data provider, according to a filing by 36Kr to the US Securities and Exchange Commission on Friday local time.
The exit from 36Kr marks another contraction in investment by Ant Group after it cut its share in ZhongAn Insurance from 13.53 percent to 10.37 percent in January.
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