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The Latest Breaking News from Ant Financial

Elevation Capital offloads around Rs 964 crore worth of shares in Paytm

Elevation Capital, an early investor in Paytm, has sold shares worth Rs 964 crore through block deals. This follows a trend of early investors liquidating their holdings. Paytm recently reported its first full-year profit and operating revenue growth. The company is now Indian-owned and controlled, with a market capitalization of…

The Economic Times

BABA vs. JD: Which Is the Better Chinese Tech Stock to Buy Now?

BABA vs. JD: Which Is the Better Chinese Tech Stock to Buy Now?

Chinese tech stocks have continued to underperform in 2023, even as their counterparts in the U.S. have rebounded. Among Chinese tech names, Alibaba and JD.com are both worth considering after the sell-off - but there's an argument to be made that one of these tech stocks looks more compelling right…

3 Undervalued Tech Stocks to Buy in August

3 Undervalued Tech Stocks to Buy in August

Tech stocks have rallied impressively in 2023 - but Amazon, Alibaba, and PayPal are still well below their all-time highs. Is now the time to buy?

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Board exodus at London fintech WorldFirst

London fintech WorldFirst has seen a mass board exodus as billionaire Jack Ma tightens his grip on the management of the payments company, the Standard has learnt.

Evening Standard

Alibaba Stock Plummets As Chinese Regulators Pressure Jack Ma To Cede Control Of Ant Financial

Alibaba Group Holding Ltd - ADR (NYSE: BABA) finished a news-packed week on a low note Friday and was down about 9.5% following reports that billionaire Jack Ma is giving up control of Ant Financial.

Alibaba, Ant Financial Affiliate Move To Disentangle Operations To Avoid Further Regulatory Backlash

The ramification of the protracted battle with Chinese regulators has continued to pressure Alibaba Group Holdings, Inc.

Vending Machine Leader Ubox Spits Out Big Losses During Pandemic

Key takeaways: Ubox has filed for a Hong Kong IPO despite reporting losses in the past two years due to pandemic-related disruptions to its core vending machine business The company’s backers include Alibaba’s Ant Financial, which led a 1.6 billion yuan investment in the company in 2019

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MoneyGram Reviews Takeover Bids From Private Equity Firms: Report

MoneyGram Reviews Takeover Bids From Private Equity Firms: Report

Private equity firms Madison Dearborn Partners LLC, Siris Capital Group LLC, and Advent International Corp have made competing offers to acquire MoneyGram International Inc (NASDAQ:MGI), Reuters reports. Madison Dearborn offered $10.50 per share in cash, the report adds. MoneyGram closed at $9.27 on January 24. Advent had also expressed interest last year in…

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