Ant Financial

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...

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...

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...

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...

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...

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...

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...

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...

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...

Alipapay's parent company, Ant Financial, was valued at around $60 billion back in April when it raised $4.5 billion. According to a Bloomberg report, Ant Financial's valuation has since risen to $75 billion, which would make the relatively unknown financial firm more valuable than one of the most...