Ant Financial

Chinese President Xi Jinping on Tuesday sent out a clear signal to officials to steer clear of any unholy nexus with big businesses in the country. What Happened: Action should be taken to prevent Chinese officials from acting in favor of any interest or power group and colluding with businesses...

As Alibaba Group Holding Ltd (NYSE: BABA) and its group companies face pressures on multiple fronts on their home turf of China, they have started looking elsewhere for growth. What Happened: Alibaba's affiliate company Ant Group has set up a digital bank called...

U.S.-listed China stocks launched into a rally earlier this week, encouraged in part by indications from Beijing that the witch-hunt against these companies will soon end. A Bloomberg report, however, suggested that it may be too early to call a truce. What Happened: Media and...

Shares of Alibaba Group Holding Ltd (NYSE: BABA) were trading lower Thursday morning amid confirmation the Chinese government is investigating the company for anti-monopolistic behavior, Bloomberg was first to report. What Happened: China's State Administration for Market Regulation confirmed...

Credit Suisse Group AG (NYSE: CS) is set to reap the benefits of a secret investment it made in Alibaba Group Holding Ltd. (NYSE: BABA) subsidiary Ant Financial Services Group, as the latter goes public in Hong Kong and Shanghai, Bloomberg reported Sunday. What Happened The...

Chinese e-commerce giant Alibaba Group Holding Ltd – ADR (NYSE: BABA) took the spotlight Tuesday after detailing a path to 1 billion users by 2024 at its annual investor day and the purchase of a 33% stake in Ant Financial.  Swelling User Base Alibaba had 860 million annual active...

Alibaba Group Holding Ltd (NYSE: BABA) continues to transform its Alipay app into a "super app" that will likely result in expanded use, higher engagement and synergies with other businesses, according to Bank of America. The Analyst Bank of America's Eddie Leung maintains a Buy...

Alibaba Group Holding Ltd (NYSE: BABA) traded up 2.5 percent to the $183 area Wednesday after Citron Research deemed the firm’s total addressable market the most compelling “in the history of the stock market” and targeted a $250 valuation. “Citron Research believes the most...

China's Ant Financial, an affiliate of Alibaba Group Holding Ltd (NYSE: BABA), is looking to raise up to $5 billion, which could value the company north of $100 billion, Reuters reported. What You Need To Know Ant Financial runs Alipay, the world's largest online payments platform, and Yu...

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...

A bidding war has pitted Alibaba Group Holding Ltd (NYSE: BABA)'s financial arm, Ant Financial, against Euronet Worldwide, Inc. (NASDAQ: EEFT) to acquire Moneygram International Inc (NASDAQ: MGI). Moneygram, a global provider of money transfer services, initially fielded a $13.25 per share...

Ant Financial, the China-based finance affiliate of the e-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) really wants to acquire Moneygram International Inc (NASDAQ: MGI). Jack Ma, the brains behind Alibaba and Ant Financial initially presented an offer to acquire Moneygram at $13.25 per...

In a note released Monday, MKM Partners explained why Snapchat's parent Snap Inc.'s IPO will be the most high-profiled and controversial internet IPO this year. The firm's view comes amid the impending IPOs of some interesting privately-held companies such as Uber, Ant Financial and AirBnB in the...