Eric Jing

Alibaba Group Holding Ltd (NYSE: BABA)-backed Ant Group Co’s Chairman Eric Jing said the company is introspecting its “shortcomings,” as reported by Bloomberg. What Happened: Jing said at the fourth China Internet Finance Forum on Tuesday that the company is working...

Less than 48 hours before what's expected to be the largest IPO in history, the Shanghai Stock Exchange has suspended the IPO of Ant Group, the financial company partially owned by Alibaba Group Holding (NYSE: BABA). What Happened: The Shanghai Stock Exchange is temporarily postponing the IPO,...

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...