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Jack Ma's Ant Looks To Shed US Biometric Security Unit EverVerify: FT
Tuesday, January 26, 2021 - 9:38pm | 423Read More...Alibaba Group Holding Ltd (NYSE: BABA) subsidiary Ant Group is planning to sell a key biometric security company it owns in the United States, the Financial Times reported Tuesday. What Happened: The Chinese fintech is looking to sell the Kansas City, Missouri-based EyeVerify in the first half of...
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Alibaba Suffers Fresh Setback As Trump Bans Transactions With Alipay
Tuesday, January 5, 2021 - 9:30pm | 486Read More...Mobile applications provided by Alibaba Group Holding Ltd (NYSE: BABA)-backed Ant Group will be banned under an executive order issued Tuesday by outgoing President Donald Trump. What Happened: U.S. transactions with the Hangzhou, China-based Ant Group’s Alipay, which had over 1.2 billion...
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Fintech Focus For September 11, 2020
Thursday, September 10, 2020 - 5:31pm | 2385Read More...Quote Of The Day: I find that the harder I work, the more luck I seem to have. - Thomas Jefferson Fintech Movers: There is a great industry need for automated corporate actions solutions, according to a survey by SIX conducted among leading global asset managers, wealth managers, custodians,...
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Fintech Focus For August 10, 2020
Sunday, August 9, 2020 - 8:22pm | 2244Read More...Daily Perspective: Only the paranoid survive. - Andy Grove Fintech Movers: Goldman Sachs is seriously considering its own cryptocurrency, possibly a stablecoin, as it significantly expands its digital assets team and appoints a new head to spearhead efforts. - Coindesk Capital markets DLT on cusp...
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Multiple Alibaba Apps To Let Customers Order Starbucks Drinks In China
Tuesday, July 21, 2020 - 4:17am | 325Read More...Starbucks Corporation’s (NASDAQ: SBUX) customers in China will be able to order drinks on multiple platforms run by Alibaba Group Holding Ltd (NYSE: BABA), the latter announced Tuesday. What Happened Alibaba said the service will be available by activating “...
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Bitcoin Vs. Apple Pay And Alipay
Friday, June 7, 2019 - 1:21pm | 1160Read More...The following originally appeared on Weiss Crypto The Bitcoin correction I’ve been forecasting seems to be underway. BTC has fallen from a high of $9,000 to a recent correction low of $7,500. And the correction may not be over yet. Use this as a buying opportunity. Because, longer...
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This Analyst Loves Alibaba's 'Super App'
Monday, April 1, 2019 - 11:31am | 347Read More...Alibaba Group Holding Ltd (NYSE: BABA) continues to transform its Alipay app into a "super app" that will likely result in expanded use, higher engagement and synergies with other businesses, according to Bank of America. The Analyst Bank of America's Eddie Leung maintains a Buy...
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Kroger, Alibaba Have Talked About Alipay, But Not Much Else
Thursday, January 25, 2018 - 12:58pm | 388Read More...Kroger Co (NYSE: KR) spiked as high as 5.2 percent pre-market Thursday on a New York Post report citing an explored alliance with Alibaba Group Holding Ltd (NYSE: BABA)’s senior management. The article suggests Kroger’s interest in leveraging Alibaba’s cashierless supermarket...
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Why Did Shares Of Chinese Internet Microlender Qudian Plunge Friday?
Friday, November 24, 2017 - 2:35pm | 639Read More...Qudian Inc – ADR (NYSE: QD) shares are on a secular decline for about nine sessions now, with the selling accelerating since Wednesday. From $25.47 on Nov. 9, the stock moved downhill and breached the $20 level to the downside on Nov. 21. Qudian slumped about 20 percent Nov. 22 and plunged...
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What Will Alibaba Do With MoneyGram?
Thursday, January 26, 2017 - 3:44pm | 438Read More...Moneygram International Inc (NASDAQ: MGI) shares are up 9.0 percent on Thursday after Alibaba Group Holding Ltd (NYSE: BABA) payment affiliate Ant Financial agreed to purchase MoneyGram for $880 million. The merger is the latest step in Alibaba’s international expansion efforts. According to...
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Mobile Payments To Increase Tenfold By 2021; Who Benefits?
Thursday, January 26, 2017 - 3:04pm | 442Read More...Mobile payment volume is expected to increase tenfold by 2021. While credit/debit card payments beat surpassed cash payments for the first time in history in 2016, the adoption of mobile payments has been slower than many have expected. According to a report from Statista, 35 million...
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The Verdict Is In: December Quarter Showings Place Alibaba Head And Shoulders Above eBay
Thursday, January 26, 2017 - 12:28pm | 722Read More...Online market places Alibaba Group Holding Ltd (NYSE: BABA) and eBay Inc (NASDAQ: EBAY) reported their December quarter financial scorecard this week. Investor reaction to both the earnings were similar, with Alibaba settling up over 3 percent at near a three-month high on Tuesday in reaction...
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Alibaba's Singles' Day Strength: How Has Chinese Cyber Monday Grown Over The Years?
Tuesday, January 24, 2017 - 1:31pm | 442Read More...Alibaba Group Holding Ltd (NYSE: BABA) shares are reveling on Tuesday on the company's strong quarterly performance. Alibaba reported third-quarter adjusted earnings of 9.02 yuan per share on revenues of 53.25 billion, up 55 percent year-over-year, handily beating Street estimates. Even as...
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Alibaba's Singles' Day Gross Merchandise Value Up 40% In First Half Of Day
Friday, November 11, 2016 - 9:18am | 281Read More...Morgan Stanley said Alibaba Group Holding Ltd (NYSE: BABA)’s Singles' Day midday gross merchandise value (GMV) rose 40 percent, with mobile ratio at 83.6 percent. Alibaba's GMV reached Rmb80.7 billion at 12:00 p.m. on November 11 versus Rmb57.6 billion to midday on last year’s...
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A Look At Alibaba's Singles' Day Success
Friday, November 11, 2016 - 8:40am | 274Read More...Alibaba Group Holding Ltd (NYSE: BABA)'s Singles' Day once again has been a massive success, generating an amazing $1 billion in just the first four minutes and 54 seconds of the launch. 2016 is expected to be the biggest Singles' Day ever, which is now considered the world's biggest shopping event...
