Antfin Singapore pares stake in foodtech co Zomato

Antfin Singapore has further reduced its stake in the Indian foodtech giant Zomato, marking the second significant block deal this year. Earlier, in March, Antfin had also slashed its stake amidst rising scrutiny and escalating tensions between China and India. This recent move indicates continued efforts by Antfin to gradually reduce its holdings in Zomato, likely in response to geopolitical factors and regulatory pressures. The stake reduction highlights ongoing shifts in investment dynamics between Chinese companies and the Indian market.