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  • China to target biggest payment app Alipay in tech crackdown Sep 13, 2021 02:45 PM IST

    China to target biggest payment app Alipay in tech crackdown

    Alipay -- with more than one billion users in China and other Asian nations including India -- was told to spinoff its profitable micro loan business, the Financial Times reported Monday, citing a person with knowledge of the matter.

  • Ant Financial IPO mess – a case of regulatory overreach Nov 05, 2020 10:30 AM IST

    Ant Financial IPO mess – a case of regulatory overreach

    The Chinese authorities’ overbearing attitude underscores the perils of Shanghai becoming a financial hub

  • Ant Group IPO -- a chance for China to showcase its financial muscle Aug 28, 2020 10:08 AM IST

    Ant Group IPO -- a chance for China to showcase its financial muscle

    The issue, if it goes through, will make it the biggest primary market offering ever, beating Saudi Aramco’s $29 billion IPO

  • China's central bank urges antitrust probe into Alipay, WeChat Pay Jul 31, 2020 03:15 PM IST

    China's central bank urges antitrust probe into Alipay, WeChat Pay

    Any investigation would likely dampen enthusiasm for Ant Group's planned dual listing in Hong Kong and Shanghai that is seeking a valuation of more than $200 billion.

  • TransferWise aids money transfers to China through Alipay partnership Mar 18, 2020 08:52 PM IST

    TransferWise aids money transfers to China through Alipay partnership

    TransferWise’s 7 million+ users will be able to instantly (under 20 seconds) send Chinese yuan from 17 currencies to users of Alipay.

  • WorldRemit & Alipay partner to offer cross-border remittance service Jan 23, 2020 07:00 PM IST

    WorldRemit & Alipay partner to offer cross-border remittance service

    The collaboration will help make remittance services more convenient and affordable, especially for migrant workers globally.

  • SoftBank-backed Paytm raises $660 million Dec 13, 2019 11:54 AM IST

    SoftBank-backed Paytm raises $660 million

    The board of One 97 Communications Ltd will allot about 2.6 million shares to the investors, financial data accessed by business intelligence platform Tofler dated December 12 showed.

  • China mobile payment giants Alipay, WeChat open to international cards Nov 07, 2019 11:51 AM IST

    China mobile payment giants Alipay, WeChat open to international cards

    The moves came during a major import fair in Shanghai aimed at showcasing the country's free trade credentials.

  • Crypto Wars | China’s blockchain focus could pose a serious threat to US digital currency ambitions Nov 07, 2019 09:27 AM IST

    Crypto Wars | China’s blockchain focus could pose a serious threat to US digital currency ambitions

    The US-China trade war could become yesterday’s news if the race to launch a digital currency takes off in earnest

  • China's Alibaba under fire over use of customer data Jan 05, 2018 04:37 PM IST

    China's Alibaba under fire over use of customer data

    Alibaba affiliate Ant Financial was forced to apologise on Wednesday after users said they felt misled into allowing its Alipay service to share data on their spending habits with Ant's credit-scoring arm and other third-party services.

  • Zomato likely to raise up to USD 200 million from Alibaba Sep 05, 2017 08:54 AM IST

    Zomato likely to raise up to USD 200 million from Alibaba

    Once called a start-up 'Unicorn', the deal may also put Zomato's valuation back at USD 1.1 billion.

  • Paytm CEO sells 1% stake to raise funds for payments bank Dec 09, 2016 11:00 AM IST

    Paytm CEO sells 1% stake to raise funds for payments bank

    After selling his stake to an undisclosed shareholder, Paytm founder and CEO Vijay Shekhar Sharma now owns 20.33 percent in One97.

  • Smartphones can help India's drive for cashless economy: Report Nov 24, 2016 12:42 PM IST

    Smartphones can help India's drive for cashless economy: Report

    "While India is implementing the government-led de-cashing via demonetisation, China is experiencing a rapid market based de-cashing process via the digitalisation of transactions on the online or mobile payment platforms," an article in the state-run Global Times said today.

  • Uber joins Alipay to allow Chinese tourists pay in yuan May 04, 2016 05:02 PM IST

    Uber joins Alipay to allow Chinese tourists pay in yuan

    Uber and Alipay teamed up earlier this year to offer Chinese yuan payment options for Uber rides in Hong Kong, Macao and Taiwan.

  • Alipay to launch in Europe as Alibaba steps up payments game Apr 05, 2016 06:51 PM IST

    Alipay to launch in Europe as Alibaba steps up payments game

    Alipay is one of China's biggest payment services and competes with Tencent's WeChat Payment.

  • Paytm says Alibaba invests in co, to expand payments biz Sep 29, 2015 07:11 PM IST

    Paytm says Alibaba invests in co, to expand payments biz

    Leading Chinese etailer Alibaba has invested in online wallet and ecommerce firm Paytm, the firm's CFO and VP - Business Amit Sinha confirmed to CNBC-TV18, adding that Alibaba and its affiliate Alipay are now "one of the largest" shareholders in the company.

  • Paytm and InMobi Partner to Create the Largest Discovery and Mobile Shopping Platform in India Aug 17, 2015 05:30 PM IST

    Paytm and InMobi Partner to Create the Largest Discovery and Mobile Shopping Platform in India

    Paytm, India’s largest mobile commerce platform, and InMobi, the world’s most powerful mobile advertising platform announced the launch ...

  • Alibaba-backed ShopRunner gains momentum, eyes China Apr 06, 2015 08:24 AM IST

    Alibaba-backed ShopRunner gains momentum, eyes China

    The five-year old online retailer's gains may allow it to win over more customers who prize convenience and experience over cost savings, while taking advantage of its Alibaba relationship to help American retailers sell to China's still-growing middle class.

  • Alibaba.com shares up after deal with SoftBank, Yahoo Aug 01, 2011 08:35 AM IST

    Alibaba.com shares up after deal with SoftBank, Yahoo

    Shares of Alibaba.com Ltd rose to a two-week high on Monday after its parent, Chinese e-commerce firm Alibaba Group, forged a complex deal with SoftBank Corp and Yahoo Inc over mobile payments unit Alipay.

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