Thursday, December 1, 2022
Tags Alibaba

Tag: Alibaba

Alibaba-backed Paytm forays into digital gold

Consumers can buy and sell gold using their Paytm account for as low as $0.02 which will then be stored in lockers. Read more: e27.co

SoftBank plans $1.5bn investment in India’s Paytm

Japanese investment giant SoftBank plans to invest as much as $1.5bn into Indian payments firm Paytm. The investment will see Paytm valued at as much as $9m. Read more: www.fintechroundup.com

Alibaba to allow financial institutions to set up shop

Ant Financial's investing app Ant Fortune unveiled Caifu Hao earlier this week. Read more: e27.co

Alibaba buys Paytm stake from Reliance Capital

Reliance Capital has sold its stake in One97 for US$42m to Alibaba. Read more: www.techinasia.com

Jack Ma’s playbook for Ant Financial’s global expansion

Valued at an estimated $60bnn ahead of a possible IPO this year, Ant Financial is now on a streak of overseas deals. Read more: www.techinasia.com

Ant Financial expands reach with $200m investment in Kakao Pay

Ant Financial continues to expand its reach outside of China with a $200m investment in South Korean mobile giant Kakao’s finance subsidiary Kakao Pay. Read more: www.fintechroundup.com

How Chinese mobile payments are quietly conquering the world

The mobile payment space has become fiercely competitive, Alibaba and messaging giant WeChat scrambling for valuable market share. Read more: e27.co

Ant Financial buys US remittance firm MoneyGram for $880m

Chinese FinTech giant Ant Financial is acquiring US money transfer service MoneyGram in an $880m deal. Read more: www.fintechroundup.com

China’s Alipay just saw one billion transactions in a day

The Singles Day shopping spree on November 11 saw 1.05 billion transactions go through the app, up 48 percent on the same day last year. Read more: www.fintechranking.com

Jack Ma’s finance business worth $75bn

Alipay got its start in 2004 as a way for the customers of Alibaba Group Holding Ltd. to more easily buy goods online. Now the parent company is worth $75bn. Read more: www.bloomberg.com

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