Ant Financial

Big Grid

Alibaba sells nearly half of its direct stake in Paytm at Rs 535.9 per share

PTI -
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

Zomato raises US $200 million from Alibaba’s Ant Financial

Indiaretailing Bureau -
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...
Retail

Paytm raises US $1.4 billion from SoftBank

Indiaretailing Bureau -
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...
International News

Alibaba set to enter Pakistan, signs MoU

IANS -
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...
International News

After Paytm, Alibaba's financial arm enters US with MoneyGram

IANS -
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...
Retail

Paytm gets fresh capital infusion from Mountain Capital

Namita Bhagat -
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...
Retail

AXA, Alibaba, Ant Financial enter into global strategic partnership

Indiaretailing Bureau -
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...
Retail

Ant Financial raises $4.5 billion funding

Indiaretailing Bureau -
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...
Retail

Paytm registers 122 million active users in one year

Indiaretailing Bureau -
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...
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Latest News

Beauty & WellnessAnagha R Ratna -

Marie Claire Salon opens new outlet in Bengaluru

The store is situated at Mantri Square Mall, Malleshwaram, Bengaluru Bengaluru: French salon chain Marie Claire Salon has launched its new...
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