On June 18, US social media giant Facebook (FB) revealed the details of its upcoming cryptocurrency, Libra. The company has formed a financial services subsidiary called Calibra to allow people to transact using Libra. In simple terms, Calibra is Facebook’s new digital wallet.
Today at 8:55 AM ET, MoneyGram International (MGI) stock had soared by over 155% for the day to $3.70 in the premarket session. These massive gains came after the company announced its strategic partnership with blockchain company Ripple.
PayPal (PYPL) is gearing up to report its fourth-quarter earnings results after recently launching its international money transfer service, Xoom, in Canada.
The partnership with Uber to introduce Venmo as a payment option for riders is part of the efforts PayPal (PYPL) is making to both drive adoption of the mobile payment service and enlarge its monetization potential.
Alibaba’s (BABA) big news in early 2018 was that the Chinese e-commerce giant was swapping its profit share in Ant Financial for an equity stake in the business.
Alibaba (BABA) is scheduled to report its fiscal 4Q18 (calendar 1Q18) results amid reports that its finance-focused affiliate, Ant Financial, is seeking to raise at least $9.0 billion through private funding.
In selecting Tencent (TCEHY) as its preferred mobile payment provider in western China, Walmart (WMT) made a bold move against competitor Alibaba (BABA).
China to continue financial crackdown In 2018, China intends to improve supervision of its financial sector, according to an annual work report released recently by the country’s head of government, Li Keqiang. The report also included projections for growth and inflation in 2018, with China expecting its economy to expand ~6.5%. As part of China’s increasing […]
Chinese revenue increases 11% As China is the world’s second-largest economy and largest smartphone market, Apple’s (AAPL) performance in the country is of great interest to many investors. While discussing its fiscal 1Q18 (December quarter) results, Apple executives talked a great deal about the company’s Chinese business, highlighting progress in the country. In 1Q18, Apple […]
Alibaba (BABA) has had a disappointing year so far after the US government panel blocked its acquisition of money transfer company MoneyGram International (MGI) over national security concerns.
JD Finance partnered with ICBC (Industrial and Commercial Bank of China) to launch the ICBC Xiaobai digital bank in November. ICBC is China’s (MCHI) largest lender.
PayPal (PYPL) has partnered with AliExpress, a marketplace owned by Alibaba (BABA). PayPal is helping merchants on AliExpress accept payment from international consumers.
Citcon, China Luxury Advisors (or CLA), and the Momentum Group (or TMG) have forged a partnership to enable North American traders to accept Alipay and WeChat Pay payments.
Alibaba (BABA) recently launched a version of its Alipay app in Hong Kong called AlipayHK. Alipay is operated by Alibaba’s payments arm, Ant Financial.
Nineteen issuers came to market with an average ticket size of $728 million. This compares to 20 deals that hit the leveraged loan market the previous week, with the average ticket size of $750 million.
