Ant Financial

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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