Alibaba, China’s leading eCommerce player, announced a 56 percent increase in earnings during its third quarter and revealed it’s acquiring a 33 percent stake in Ant Financial, its payment affiliate. For its fiscal third quarter, Alibaba reported revenue of $12.8 billion, up 56 percent from...
Ant Financial, the financial services arm of China’s Alibaba, is making an investment in Mynt, a mobile payment and credit service in the Philippines. According to a report, Mynt is owned by Globe Telecom, the mobile operator based in the Philippines. Ant Financial is teaming up...
July 30, 2018
Ant Financial Services, the Chinese payment affiliate of Alibaba, has created a massive FinTech company that is turning Chinese banking on its head as the sector contends with the disruptive nature of FinTechs. According to a report in the Wall Street Journal, last year Ant Financial handled more payments than Mastercard, operated the biggest money market […]
February 02, 2018
Alibaba, China’s leading eCommerce player, announced a 56 percent increase in earnings during its third quarter and revealed it’s acquiring a 33 percent stake in Ant Financial, its payment affiliate....
February 21, 2017
Ant Financial, the financial services arm of China’s Alibaba, is making an investment in Mynt, a mobile payment and credit service in the Philippines. According to a report, Mynt is owned...
