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Alibaba Raises $5B Long-Term Debt For Refinancing Debt, Acquisitions And Sustainability Projects
Friday, February 5, 2021 - 8:49am | 209Read More...Alibaba Group Holding Limited (NYSE: BABA) priced debt offering worth $5 billion. The offering included $1 billion 2.7% sustainability notes due 2041, $1.5 billion 2.125% notes due 2031, $1.5 billion 3.150% notes due 2051, and $1 billion 3.250% notes due 2061. The offering proceeds...
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Alibaba Hit With Antitrust Probe By Chinese Government
Thursday, December 24, 2020 - 10:17am | 392Read More...Shares of Alibaba Group Holding Ltd (NYSE: BABA) were trading lower Thursday morning amid confirmation the Chinese government is investigating the company for anti-monopolistic behavior, Bloomberg was first to report. What Happened: China's State Administration for Market Regulation confirmed...
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Credit Suisse Silently Invested $100M In Alibaba Subsidiary Ant Financial, Set To Benefit Immensely In Public Debut
Monday, July 27, 2020 - 3:00am | 383Read More...Credit Suisse Group AG (NYSE: CS) is set to reap the benefits of a secret investment it made in Alibaba Group Holding Ltd. (NYSE: BABA) subsidiary Ant Financial Services Group, as the latter goes public in Hong Kong and Shanghai, Bloomberg reported Sunday. What Happened The...
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Fintech Focus For July 10, 2020
Friday, July 10, 2020 - 8:57am | 1814Read More...Daily Perspective: The market is not the economy. - Mike Loewengart Fintech Movers: The digital lending platform market was estimated at $4 billion in 2018. This number is expected to grow at a compounded annual growth rate of over 20% in the next 5 years, putting it at an estimated $17 billion by...
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Alibaba Eyes 1B Annual Active Users By 2024, Picks Up 33% Stake In Ant Financial
Tuesday, September 24, 2019 - 11:10am | 462Read More...Chinese e-commerce giant Alibaba Group Holding Ltd – ADR (NYSE: BABA) took the spotlight Tuesday after detailing a path to 1 billion users by 2024 at its annual investor day and the purchase of a 33% stake in Ant Financial. Swelling User Base Alibaba had 860 million annual active...
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This Analyst Loves Alibaba's 'Super App'
Monday, April 1, 2019 - 12:31pm | 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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Citron Says Alibaba Is 'On Its Way To $250'
Wednesday, May 2, 2018 - 11:32am | 463Read More...Alibaba Group Holding Ltd (NYSE: BABA) traded up 2.5 percent to the $183 area Wednesday after Citron Research deemed the firm’s total addressable market the most compelling “in the history of the stock market” and targeted a $250 valuation. “Citron Research believes the most...
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Report: Alibaba's Ant Financial Worth As Much As $100 Billion
Friday, February 9, 2018 - 5:48pm | 385Read More...China's Ant Financial, an affiliate of Alibaba Group Holding Ltd (NYSE: BABA), is looking to raise up to $5 billion, which could value the company north of $100 billion, Reuters reported. What You Need To Know Ant Financial runs Alipay, the world's largest online payments platform, and Yu...
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Why Did Shares Of Chinese Internet Microlender Qudian Plunge Friday?
Friday, November 24, 2017 - 3:35pm | 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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With MoneyGram Up For Grabs, Will M&A Take Hold In The Money Transfer Space?
Monday, May 15, 2017 - 12:00pm | 953Read More...A bidding war has pitted Alibaba Group Holding Ltd (NYSE: BABA)'s financial arm, Ant Financial, against Euronet Worldwide, Inc. (NASDAQ: EEFT) to acquire Moneygram International Inc (NASDAQ: MGI). Moneygram, a global provider of money transfer services, initially fielded a $13.25 per share...
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Alibaba's Ma Really Wants To Buy MoneyGram But Will It Be Approved?
Monday, April 17, 2017 - 11:20am | 393Read More...Ant Financial, the China-based finance affiliate of the e-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) really wants to acquire Moneygram International Inc (NASDAQ: MGI). Jack Ma, the brains behind Alibaba and Ant Financial initially presented an offer to acquire Moneygram at $13.25 per...
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Why Snap Will Be The Most Controversial Internet IPO This Year
Tuesday, February 28, 2017 - 10:25am | 491Read More...In a note released Monday, MKM Partners explained why Snapchat's parent Snap Inc.'s IPO will be the most high-profiled and controversial internet IPO this year. The firm's view comes amid the impending IPOs of some interesting privately-held companies such as Uber, Ant Financial and AirBnB in the...
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What Will Alibaba Do With MoneyGram?
Thursday, January 26, 2017 - 4:44pm | 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 - 4:04pm | 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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Alibaba Is 'Well-Girded' To Dominate, Deutsche Bank Lifts Target To $138
Thursday, September 29, 2016 - 10:09am | 368Read More...Citing rising valuation of Ant Financial, of which Alipay is a part, and valuation roll over into 2017, Deutsche Bank maintains its Buy rating on the shares of Alibaba Group Holding Ltd (NYSE: BABA). The firm lifted its price target to $138. Deutsche Bank said it is of the view that Alibaba is well...
