Tag: Alibaba
Alibaba buys 33% stake in Ant Financial
Online payments company Ant Small and Micro Financial Services Group has received an investment from Alibaba Group, which will see it acquire a 33 per cent stake.
ModulTrade forms strategic partnership with Alibaba’s Yangting
Blockchain-based B2B trading platform ModulTrade has formed a strategic partnership with Alibaba’s investment vehicle Yangting Internet Technology.
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 finance subsidiary Kakao Pay.
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. Ant Financials’ core product is payments service Alipay.
Alipay preparing to enter Europe
Alipay, the online and mobile payments service operated by Alibaba subsidiary Ant Financial, is expanding into Europe.
Ant Financial ups its biometrics game with $70m EyeVerify buy
Alibaba FinTech subsidiary Ant Financial is boosting its biometric capabilities through the acquisition of Kansas City-based EyeVerify.