Alibaba

148 results about this entity

Period: 12 Apr 2010 - 17 Nov 2023

MoneyGram board to consider Euronet counter-bid

MoneyGram (MGI) announced today that its board of directors, after consultation with its outside legal and financial advisors, has determined that the unsolicited proposal received on March 14, 2017 from Euronet Worldwide, Inc. ("Euronet") (EEFT) to acquire all of the outstanding shares of MoneyGram Common Stock and Preferred Stock for $15.20 per share in cash on an as-converted basis (the "Euronet Proposal") could reasonably be expected to result in a "Company Superior Proposal" as defined in MoneyGram's merger agreement with Ant Financial Services Group ("Ant Financial").

Euronet sparks MoneyGram bidding war with Ant Financial

Euronet Worlwide is testing the financial firepower and resolve of Alibaba's Ant Financial unit by outbidding the Chinese behemoth's $13.25 per share offer for US money transfer business MoneyGram International.

Alibaba leads $200 million investment in Paytm e-commerce unit

The e-commerce arm of Indian mobile wallet giant Paytm has raised $200 million in a funding round led by China's Alibaba.

Citcon brings Alipay to US merchants

Citcon, an integrated mobile payment and marketing platform to connect global merchants with Chinese travelers, announced partnership with Alipay, the world's leading payment platform with 450 million active users run by Ant Financial Services Group, to enable millions of merchants in North America to accept one of China's most popular mobile payment methods.

Ant Financial to make $200 million investment in South Korea's Kakao Pay

Ant Financial's bid to create a globe-straddling payments behemoth continues with a $200 million investment in Kakao Pay, a soon-to-be launched mobile finance subsidiary from South Korean m-commerce platform Kakao.

Ingenico extends Alipay acceptance to duty free outlets

Ingenico Group, the global leader in seamless payment, and Lagardère Travel Retail today announced the extension of their partnership and the implementation of Alipay in duty-free outlets operated by Société de Distribution Aéroportuaire (the joint venture between Lagardère Travel Retail and Groupe ADP) at Charles de Gaulle airport.

Ant Financial takes equity stake in Phillippine mobile money firm

Ant Financial, the financial services arm of China's Alibaba, is taking a stake in Mynt, a mobile payment and credit service owned by Philippine mobile operator Globe Telecom.

QR code-based payment initiative rolls out in India

A government sponsored quick response(QR)code-based payment service, IndiaQR, has launched today in India, heralding the next major step in its ambition to be a cashless society.

Asia catching US in value of fintech deals

Venture capital investment in Asia-based fintech start-ups reached $5.4 billion in 2016 just shy of the $5.5 billion invested in the US.

China's Ant Financial agrees $880m deal to buy MoneyGram

China's Ant Financial is flexing its international muscle by agreeing to buy US money transfer service MoneyGram in a cash deal worth $880 million.

Finnair to let in-flight shoppers pay with Alipay

As the first airline in the world, Finnair plans to introduce onboard the world´s largest online payment platform Alipay. Finnair will trial the application on its route between Helsinki and Shanghai as of January 27.

China's Ant Financial goes global in bid for two billion users in 10 years

Ant Financial, the payments unit of Chinese Web giant Alibaba, is looking into the use of blockchain technology as it sets its sights on boosting its user numbers to two billion people within the next decade.