Ant Financial

Zomato to raise $150 mn from Ant Financial at $3 bn valuation; food delivery startup vies for bigger market share

Zomato’s top shareholder Info Edge (India) Ltd said in a filing on Friday that after the funding its stake will drop to about 25.13 percent.

SoftBank-backed Paytm raises $660 mn from Alibaba arm Alipay, others; 2.6 mn shares to be allotted to investors

On 29 November, there were reports that Paytm was looking at raising another round of funding of $1 billion, and is in discussion with multiple investors, including former UK Prime Minister David Cameron.

Paytm raises $1 bn from Japan’s SoftBank, China’s Ant Financial; plans to invest Rs 10,000 cr for expansion

When its rivals like Google Pay and PhonePe are spending massively on cashbacks, Paytm said it would use Rs 10,000 crore to add as many small merchants and businesses as possible into its fold.

China's AI start up Megvii is targeting to raise $500 mn at $3.5 bn valuation

Megvii's fundraising comes amid Beijing’s plans to build a ubiquitous CCTV surveillance network.

Chinese travel services provider Ctrip likely to join Zomato's financing round, may invest around $100 million

Ctrip will be joined by Zomato’s existing backer Ant Financial and a couple of new financial investors

Alibaba's Jack Ma to unveil succession plan next week, remain chairman

While Jack Ma’s plan to gradually step back is a milestone, analysts and industry professionals said it was unlikely his involvement would change significantly.

Apple partners with Alipay for mobile payments in China at Apple's physical stores

The Cupertino-based firm will accept Alipay payment across its 41 brick-and-mortar retail stores in China

Alibaba joins hands with Zhejiang province government to create online house rental system

The smart house renting system, as it is called, will be supported by Alibaba's big data, online payment technology, and commerce credit system.

US startup Stripe partners with Alipay and WeChat to enable global payments to its customers

Stripe has partnered with Alipay and WeChat to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers.

Several Paytm staff become crorepatis by exercising their ESOPs in recent weeks

Of the 500 employees working with the Noida-based company, around 47 employees offloaded shares in the parent company in recent weeks to a mix of both internal and external buyers