Ant Financial

Alibaba group firm Ant Financial has not diluted its stake in Paytm and continues to hold 25 per cent of the company New Delhi: Chinese conglomerate Alibaba is learnt to have sold a 3.1 per cent stake - nearly half...

Food ordering and restaurant discovery platform Zomato Media Pvt. Ltd has raised US $200 million from Ant Small and Micro Financial Services Group, valuing the company at about US $1.1 billion. Ant Financial will hold around 18 percent stake in...

Paytm has announced an investment of US $1.4 billion by the SoftBank Group, the Japanese Internet and telecom major, in One97 Communications Limited, the entity that operates India’s largest mobile payments and commerce platform under the Paytm brand. This...

Pakistan on Tuesday signed a Memorandum of Understanding (MoU with Chinese tech giant Alibaba to promote the country's worldwide exports by Small and Medium Enterprises (SMEs) through e-commerce. The agreement was signed by Pakistan's Commerce Minister Khurram Dastgir and Alibaba's...

In a bid to expand online payment business in the US after a successful run in India with Paytm, Chinese e-commerce giant Alibaba's digital payments arm Ant Financial has bought global money-transfer service MoneyGram for nearly $880 million. The transaction...

Paytm, India’s leading mobile payment and commerce platform, has announced that Mountain Capital will make an investment in the company. The fresh capital infusion will allow Paytm, the consumer brand of One97 Communications, to further accelerate and develop a vibrant mobile...

AXA, Alibaba and Ant Financial Services have agreed to engage in a global strategic partnership to explore opportunities to distribute AXA's insurance products and services through Alibaba's global e-commerce eco-system. According to a PTI report: The companies will seek to...

Chinese giant Alibaba's financial arm has raised a $4.5 billion in funding, it will be counted as the largest single private placement of the e-commerce company. As reported by the Wall Street Journal, the development values Ant Financial Services Group...

One of India's largest electronic payment platform, Paytm has reported a five fold rise (122 million) in the number of active users in one year. Ant Financial, the Alibaba Group affiliate, took 25 per cent stake in One97, which was...