Ant Financial

Ant Financial Buys 45 Percent Stake In Telenor Microfinance Bank

Ant Financial Buys 45 Percent Stake In Telenor Microfinance Bank
Ant Financial Buys 45 Percent Stake In Telenor Microfinance Bank
March 14, 2018  |  Investments

Telenor Group announced news on Tuesday (March 13) that it made a strategic partnership with Ant Financial Services Group in which Ant acquires a 45...

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Ant Financial Has $95B In Consumer Loans Even With Government Crackdown
Ant Financial Has $95B In Consumer Loans Even With Government Crackdown
March 12, 2018  |  Loans

Ant Financial, the payment affiliate of China’s Alibaba, has seen its consumer lending business reach 600 billion yuan ($95 billion) even as the company faces...

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South Korean Starbucks Accepts Alipay For Tourists
South Korean Starbucks Accepts Alipay For Tourists
February 12, 2018  |  Mobile Payments

Chinese tourists looking for a coffee fix in South Korea are in luck, as more than 1,000 Starbucks locations across the country now accept Alipay....

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Ant Financial’s Latest Capital Raise Eyes $100B Valuation
Ant Financial’s Latest Capital Raise Eyes $100B Valuation
February 09, 2018  |  South East Asia

Ant Financial — parent firm of Alipay — is reportedly gearing up for a $5 billion equity funding round that could inflate its valuation all...

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Ant Financial Approved To Issue Consumer Credit-Backed Securities
Ant Financial Approved To Issue Consumer Credit-Backed Securities
January 16, 2018  |  Loans

Ant Financial Services Group (which offers Alipay) said on Monday (Jan. 15) that it has garnered approval in China to issue consumer credit backed securities...

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Ant Apologizes Over Credit Scoring Snafu
Ant Apologizes Over Credit Scoring Snafu
January 08, 2018  |  International

Following an online uproar, Chinese financial giant Ant Financial has apologized for auto-enrolling unsuspecting users of its new shopping profile service in its credit scoring...

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As Goes The MoneyGram Deal, So Goes China, U.S. Tech Collaboration?
As Goes The MoneyGram Deal, So Goes China, U.S. Tech Collaboration?
January 05, 2018  |  International

A pretty good songster named Paul McCartney sang once that “in the end, the love you take is equal to the love you make.” Get...

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MoneyGram Stock Sinks After Regulators Kill Ant Deal
MoneyGram Stock Sinks After Regulators Kill Ant Deal
January 03, 2018  |  Partnerships / Acquisitions

It looks like MoneyGram will not be bought by Ant Financial after all, as a U.S. government panel has officially rejected the deal over national...

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China’s Bike-Share Ofo Raises $1B
China’s Bike-Share Ofo Raises $1B
December 08, 2017  |  Investments

Ofo, the Chinese bicycle sharing company, has raised $1 billion or more from Alibaba, the Chinese eCommerce giant, and other investors. Get the Full Story...

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