Ant Financial

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

Alibaba’s Ant Financial invests in Chinese bike-sharing startup unicorn Ofo

Ofo, the Chinese bike-sharing startup that recently claimed unicorn status, announced this weekend that it has added Ant Financial as an investor. In a statement posted to its Weibo account, Ofo said

Alibaba’s Ant Financial takes control of HelloPay to extend its reach in Southeast Asia

Another day, another deal to widen the reach of Ant Financial, the fintech-focused Alibaba affiliate. This week, Ant Financial announced that it is picking up HelloPay, the payments firm attached to L

Alibaba’s Ant Financial may have won the bidding war for MoneyGram after upping its offer to $1.2B

Ant Financial, the Alibaba affiliate company focused on financial services, appears to have finally won its battle with Euronet to acquire MoneyGram, the U.S.-based cross-border payments service, afte

Alibaba’s Ant Financial to develop services in Indonesia as global expansion continues

Ant Financial, the fintech company affiliated with Chinese e-commerce giant Alibaba, is continuing its global expansion. The firm has taken its first official step into Indonesia today after it ann

Euronet outbids Alibaba’s Ant Financial with $1 billion offer for MoneyGram

Alibaba's conquest to own a piece of the global money transfer industry just suffered a huge blow after Euronet outbid its fintech affiliate business for the proposed acquisition of MoneyGram, a popul

Alibaba’s Ant Financial expands to Korea with $200M investment in Kakao Pay

Alibaba affiliate Ant Financial is making yet another M&A deal. The firm is investing $200 million into a fintech project belonging to Kakao, the $5 billion firm that runs Korea’s dominant

Alibaba’s Ant Financial extends global reach with first investment in the Philippines

Alibaba affiliate Ant Financial has again extended its global reach after it completed its maiden investment in the Philippines.
Load More