Ant Group close to buying MultiSafepay in about $200 million deal 2 min read Technology Ant Group close to buying MultiSafepay in about $200 million deal xploreme January 6, 2024 Ant Group is closing in on a deal to buy Dutch payments firm MultiSafepay as part of...Read More
Chinese Group Alipay Said to Have Sold 3.4 Percent Stake in Zomato 2 min read Technology Chinese Group Alipay Said to Have Sold 3.4 Percent Stake in Zomato xploreme November 28, 2023 Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato...Read More
Listing of Ant Group is unlikely in the short term 1 min read Technology Listing of Ant Group is unlikely in the short term xploreme July 29, 2023 Earlier this month, Ant Group announced a surprise share buyback that valued the fintech giant at $78.54...Read More
SoftBank, Ant Group Likely to Sell Paytm Stakes via Block Deal: Report 2 min read Technology SoftBank, Ant Group Likely to Sell Paytm Stakes via Block Deal: Report xploreme February 27, 2023 China’s Ant and Japan’s SoftBank are likely to offload their stakes in Indian digital payments firm Paytm...Read More
SoftBank, Ant Group discuss Paytm secondary sale to reduce holding in payments firm 4 min read Technology SoftBank, Ant Group discuss Paytm secondary sale to reduce holding in payments firm xploreme February 27, 2023 Large investors in One 97 Communications, which operates digital payments major Paytm, including Masayoshi Son’s SoftBank and...Read More
Jack Ma to Handover Ant Group’s Control as Part of Company’s Restructure 2 min read Technology Jack Ma to Handover Ant Group’s Control as Part of Company’s Restructure xploreme January 7, 2023 Chinese billionaire Jack Ma will cede control of fintech giant Ant Group as part of a restructure,...Read More
Google, Apple Asked to Stop Hosting Apps That Accept Payment in e-CNY 2 min read Technology Google, Apple Asked to Stop Hosting Apps That Accept Payment in e-CNY xploreme May 27, 2022 Republican senators want to bar US app stores including Apple and Google from hosting apps that allow...Read More
Alibaba Beats Revenue Estimates Amid COVID-19 Lockdown in China 2 min read Technology Alibaba Beats Revenue Estimates Amid COVID-19 Lockdown in China xploreme May 26, 2022 Alibaba on Thursday beat expectations for fourth-quarter revenue, as growing demand for some of its niche online...Read More
Tencent Posts Slowest-Ever Sale Rise in Q4, Regulation Impact Set to Ease 3 min read Technology Tencent Posts Slowest-Ever Sale Rise in Q4, Regulation Impact Set to Ease xploreme March 23, 2022 Revenue at Chinese social media and gaming giant Tencent grew just 8% in the fourth quarter, the...Read More
China weighs Tencent payments overhaul, new license requirement 4 min read Technology China weighs Tencent payments overhaul, new license requirement xploreme March 18, 2022 Chinese authorities are considering requiring Tencent Holdings Ltd. to include WeChat Pay in a newly created financial...Read More