AliPay

Qudian Inc – ADR (NYSE: QD) shares are on a secular decline for about nine sessions now, with the selling accelerating since Wednesday. From $25.47 on Nov. 9, the stock moved downhill and breached the $20 level to the downside on Nov. 21. Qudian slumped about 20 percent Nov. 22 and plunged...

Moneygram International Inc (NASDAQ: MGI) shares are up 9.0 percent on Thursday after Alibaba Group Holding Ltd (NYSE: BABA) payment affiliate Ant Financial agreed to purchase MoneyGram for $880 million. The merger is the latest step in Alibaba’s international expansion efforts. According to...

Mobile payment volume is expected to increase tenfold by 2021. While credit/debit card payments beat surpassed cash payments for the first time in history in 2016, the adoption of mobile payments has been slower than many have expected. According to a report from Statista, 35 million...

Online market places Alibaba Group Holding Ltd (NYSE: BABA) and eBay Inc (NASDAQ: EBAY) reported their December quarter financial scorecard this week. Investor reaction to both the earnings were similar, with Alibaba settling up over 3 percent at near a three-month high on Tuesday in reaction...

Alibaba Group Holding Ltd (NYSE: BABA) shares are reveling on Tuesday on the company's strong quarterly performance. Alibaba reported third-quarter adjusted earnings of 9.02 yuan per share on revenues of 53.25 billion, up 55 percent year-over-year, handily beating Street estimates. Even as...

Morgan Stanley said Alibaba Group Holding Ltd (NYSE: BABA)’s Singles' Day midday gross merchandise value (GMV) rose 40 percent, with mobile ratio at 83.6 percent. Alibaba's GMV reached Rmb80.7 billion at 12:00 p.m. on November 11 versus Rmb57.6 billion to midday on last year’s...

Alibaba Group Holding Ltd (NYSE: BABA)'s Singles' Day once again has been a massive success, generating an amazing $1 billion in just the first four minutes and 54 seconds of the launch. 2016 is expected to be the biggest Singles' Day ever, which is now considered the world's biggest shopping event...

Citing rising valuation of Ant Financial, of which Alipay is a part, and valuation roll over into 2017, Deutsche Bank maintains its Buy rating on the shares of Alibaba Group Holding Ltd (NYSE: BABA). The firm lifted its price target to $138. Deutsche Bank said it is of the view that Alibaba is well...

Shares of Alibaba Group Holding Ltd (NYSE: BABA) have been on fire recently, up 7 percent in the last two trading sessions. Sentiment surrounding the Chinese e-commerce giant is overwhelmingly bullish, with analysts seeing several opportunities for growth in the future. UBS and Stifel both raised...

As reported by the Bild am Sonntag Weekly and picked up by Reuters, the German banking software company WIRECARD AG NPV (OTC: WRCDF) is in talks with Alipay, a unit of Alibaba Group Holding Ltd (NYSE: BABA), to sell its stake of about 25 percent to the Chinese giant. The Wirecard representative...

Fintech has burst onto the scene in the past decade to challenge the status quo of the banking industry. While many companies have begun to pose serious threats to traditional banks, other fintech startups have relied upon suspect business models and reckless lending and spending. The Chinese...

Watch out, Alibaba Group Holding Ltd (NYSE: BABA). Apple Inc. (NASDAQ: AAPL)'s Apple Pay just launched its new payment service in China to take on Alibaba's Alipay. Apple and China UnionPay Co., Ltd. on Thursday night announced the new partnership to bring Apple Pay to China. Alipay...