Alibaba Holding affiliate Ant Financial has resubmitted its bid to buy U.S. money transfer company MoneyGram to U.S. authorities for review. Reuters, quoting unnamed sources...
Ant Financial, the financial arm of Alibaba specializing in wealth management, nearly doubled its profit during its 2017 fiscal year in part because of its mobile...
Alibaba, China’s largest eCommerce company, and Ant Financial, its financial services arm, are gearing up to invest $1 billion or more in Ele.me, the Chinese...
The world should watch Alibaba closely. While the Chinese eCommerce giant’s international presence to date is relatively small, that fact looks to change in just...
Digital payments have become big business in India since the government moved to ban high-value banknotes late last year. Recently, India’s digital wallet, payment and...
On Tuesday, MoneyGram’s shareholders gave an unequivocal thumbs up to the buyout by Ant Financial. With one more hurdle yet to clear, CFIUS approval, MoneyGram CEO Alex Holmes tells Karen...
U.S. lawmakers are spinning up concerns about Ant Financial’s $1.2 billion takeover of MoneyGram. Legislators are openly speculating as to whether or not acquisition of the...
After a long and arduous bidding war, Ant Financial is closing in on its deal to acquire money transfer company MoneyGram. Reuters has reported a...