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Posts Tagged ‘ Alipay ’

Alibaba to invest $177 mn in Paytm E-Commerce, hike stake to 62%

Thursday, March 2, 2017 | More »

Alibaba
Paytm E-Commerce Pvt. Ltd, the online marketplace arm of One97 Communications Ltd, is raising $200 million (Rs 1,334 crore) in a funding round led by Alibaba Singapore E-Commerce Pvt. Ltd, a wholly-owned subsidiary of Chinese internet giant Alibaba Group Holding Ltd, a financial daily reported on Th...

Alibaba

Paytm investor Alibaba’s Ant Financial to buy US firm MoneyGram for $880 mn

In step with its international ambitions, Ant Financial Services Group, the payment business arm of Chinese e-commerce giant Alibaba Group, has agreed to buy US money-transfer company MoneyGram for $880 million. Alibaba and Ant Financial hold a significant stake in One97 Communications Ltd, the pare...

27 January, 2017 | More »

Alibaba

Alibaba gearing up for India entry, to open office in Mumbai

Further fueling speculations of its imminent entry into the Indian market, Chinese e-commerce major Alibaba Group is establishing its first office in the country in Mumbai. Jack Ma-owned Alibaba is setting up an office at Bandra-Kurla Complex (BKC) in Mumbai, reports Business Standard. The company h...

29 December, 2016 | More »

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Exclusive: China’s Tencent close to investing more than $150 mn in FreeCharge

Snapdeal, India’s third-largest e-commerce venture is in talks with Chinese Internet giant Tencent to raise more than $150 million for its digital payments platform FreeCharge, a person close to the development told VCCircle. “Tencent and FreeCharge have had intense discussions over the past two...

31 August, 2016 | More »

Alibaba

Alibaba may pick majority stake in Paytm’s e-commerce biz

Chinese e-commerce company Alibaba Group Holding is likely to pick a majority stake in the e-commerce business of One97 Communications Pvt Ltd, the company that also runs mobile payment and commerce platform Paytm. One97 will soon be separating its e-commerce operations from the mobile payment and...

25 August, 2016 | More »

Yahoo Gets Short End Of Stick In Alibaba Deal

Yahoo Inc got short-changed — that’s the view of analysts picking apart the complex deal it announced on Friday with Alibaba Group and SoftBank Corp over Chinese e-payments unit Alipay. The trio struck an agreement after months of wrangling over the lucrative asset, under which Alibaba g...

1 August, 2011 | More »