Home › Alibaba to buy 33% stake in Ant Financial
 

Keywords :   


Alibaba to buy 33% stake in Ant Financial

2018-02-01 13:17:00| Telecompaper Headlines

(Telecompaper) Alibaba announced an agreement to buy a 33 percent stake in Ant Financial, operator of the Chinese payment system Alipay, which was spun off from Alibaba in 2011. The no-cash deal is in exchange for Ant stopping royalty payments to Alibaba, a move that could pave the way for Ant Financial to seek its own stock market listing. 

Tags: buy financial alibaba ant

Category:Telecommunications

Latest from this category

All news
»
05.11Registration Now Open for RadTech 2025
05.11Atlantic Tropical Weather Outlook
05.11Eastern North Pacific Tropical Weather Outlook
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Public Advisory Number 7A
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Vodafone-Three merger could get green light, watchdog says
05.11Altice USA residential video RGUs down 77,000 in 3Q 2024
More »