Ant Financial

Alibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansion

Ant Financial, the financial services affiliate connected to Alibaba which operates the Alipay mobile payment service, has confirmed that it has closed a Series C funding round that totals an enormous

Equity podcast: More funding for scooters, Cruise gets a boost, and Chinese IPOs

 Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week was fun. Back in the studio, Connie Loizos, Matthew Ly

China’s SenseTime, the world’s highest-valued AI startup, closes $620M follow-on round

SenseTime, the world’s highest-valued AI company with a valuation of over $4.5 billion, is back in the money again. The company raised $600 million in an Alibaba-led financing round announced la

Technology innovation on the second half of the chessboard

The speed and magnitude with which technology innovation is moving is mind boggling, even for those of us who have worked at the center of it for decades. Technology innovation is now a global village

Alibaba beats forecasts with 61% growth and predicts more of the same for the next year

Alibaba is forecasting yet more growth for its business after it beat analyst forecasts with its fourth-quarter results. Revenue came in at 61.9 billion RMB ($9.9 billion), an increase of 61 percent y

Asia-based recruitment app GetLinks nabs investment led by Alibaba’s Hong Kong fund

GetLinks, a Thailand-based startup that offers a job finder app in six countries Southeast Asia and neighboring regions, has closed new funding led by Australia’s Seek group and Alibaba’s

Despite IPO surge, Hong Kong investors aren’t tech savvy, warns Razer CEO

Xiaomi and Ant Financial are two of a cluster of major tech names being linked with IPOs in Hong Kong. But, despite a burst of upcoming tech listings and new measures that are tipped to encourage more

Report: Smartphone usage set to overtake time spent watching TV in China

2018 is the year that smartphone usage eclipses time spent watching TV in China, and it’s all down to the growth of digital video platforms, according to a new report from eMarketer. You’

Alibaba’s Ant Financial is reportedly raising billions more at a valuation of at least $100B

Ant Financial, the Alibaba affiliate that looks after the firm’s hugely popular Alipay service, is reportedly gearing up for an enormous funding round that could take its valuation to $100-$150

SoftBank leads $450M investment in Paytm’s e-commerce business

SoftBank is at it again giving money to companies that rival startups it has already invested in. The Japanese firm and its long-time ally (and existing Paytm backer) Alibaba have come together to inv

Alibaba is picking up 33% of Ant Financial, its fintech affiliate that’s valued at over $60B

Alibaba has added an additional angle to the announcement of its latest financial report today with news that it is taking a 33 percent stake in Ant Financial, its fintech affiliate that operates Alip

Alibaba will consider listing its affiliate companies in Hong Kong

Last year I wrote that Hong Kong is increasingly becoming a destination for tech IPOs, and the country just got a major boost after Alibaba chairman Jack Ma said the company is exploring the possibili

The US Government blocks MoneyGram’s $1.2B sale to Alibaba’s Ant Financial

The proposed acquisition of global payment service MoneyGram by Alibaba’s Ant Financial is off after the U.S. Government blocked the $1.2 billion deal. Ant Financial, the Alibaba affiliate which

Alibaba’s Ant Financial partners with Hutchison to develop its Alipay service in Hong Kong

Ant Financial, the Alibaba affiliate that operates payment service Alipay and other digital finance products, has continued its Asia expansion with a move into Hong Kong. Alipay and Alibaba’s My

Alipay partners with Yelp to continue its pursuit of Chinese tourist money

Ant Financial, the Alibaba affiliated valued at $60 billion, is continuing to follow Chinese tourists and their wallets overseas after it inked a deal with Yelp in the U.S.. The partnership allows Al

Alibaba and Tencent are carving up Southeast Asia’s startup ecosystem

Two global tech forces are putting their mark — and money — into Southeast Asia’s nascent startup ecosystem, but they may not be the Western names that you expect. Rather than Googl

Chinese bike-sharing startup Ofo raises $700M led by Alibaba

Ofo, one of China's two billion-dollar-valued bike-sharing companies, has announced that it raised a $700 million Series E funding round led by e-commerce giant Alibaba, Hony Capital and CITIC Privat

Chat app Kakao raises $437M for its Korean ride-hailing service

Korea’s Kakao, the country’s top mobile messenger company with some 50 million monthly users, has continued to diversify its business with a move to spin-out the unit managing its mobilit

Alibaba is in talks to invest in Uber’s Southeast Asia rival Grab

Alibaba could substantially increase its business interests in Southeast Asia with an investment in Uber rival Grab. Bloomberg reports that Alibaba President Jack Ma is considering joining an upcoming

Alipay, China’s top mobile payment service, expands to the U.S.

China’s dominant mobile payment service is making its move in the U.S.. Ant Financial, the Alibaba spin-off that operates Alipay, has inked a deal with payment processor firm First Data that wi
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