MoneyGram International Inc
MoneyGram Rose 43% Due to Western Union Takeover Offer
Western Union (NYSE:WU) stock rose 6.2% in pre-market trading at 5:38 AM ET today. The company plans to acquire MoneyGram International (NYSE:MGI).
Alibaba Stock Falls, Should Investors Jump on It?
Alibaba isn’t standing by and watching the coronavirus roil its business. The company plans to boost its retail sales during this difficult time.
Pentagon Bans TikTok as Its Facebook Rivalry Intensifies
TikTok is giving Facebook a headache as it poaches its executives and courts its advertisers. The Pentagon could help Facebook keep TikTok in check.
Google Faces TikTok Question after Facebook Criticism
Congress’s interest in potential foreign government ties with apps operating in the US comes amid concerns about popular Chinese social app TikTok.
Besides Venmo, PayPal’s Xoom Is Causing Ripples
While PayPal’s (PYPL) Venmo has been crushing its competition, PayPal recently launched Xoom’s
digital remittance service in 32 European markets.
Will Facebook’s Cryptocurrency Prove Buffett and Munger Wrong?
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.
Why MoneyGram Stock Rose Over 155% on Ripple Investment
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.
Square Has Yet to Follow PayPal into This $700 Billion Market
There’s one major market in which PayPal has thus far avoided a direct challenge from Square.
PayPal Isn’t Done Disrupting Western Union and MoneyGram
Early this month, PayPal (PYPL) raised the upper limit of the amount customers can send through its global remittance service, Xoom.
Walgreens’s Digital Transformation Is Good News for Alibaba
Part of Walgreen’s (WBA) ongoing digital transformation involves making shopping more convenient for its customers.
Inside the Maneuver that Worked for Alibaba’s Ant Financial
Alibaba’s (BABA) Ant Financial has confirmed its plans to acquire WorldFirst, a British money transfer and currency exchange firm.
Alibaba’s Ant Financial Applies Lesson to Save WorldFirst Deal
Alibaba’s (BABA) Ant Financial learned a lesson when the United States blocked it from acquiring MoneyGram (MGI) a year ago.
Why Alibaba’s Ant Financial May Be Interested in WorldFirst
Alibaba’s (BABA) Ant Financial subsidiary is in talks to acquire British payment company WorldFirst, Sky News has reported.
PayPal Zeroes In on Canada
PayPal (PYPL) is gearing up to report its fourth-quarter earnings results after recently launching its international money transfer service, Xoom, in Canada.
Is Facebook Eyeing the $610 Billion–Plus Remittances Market?
Facebook (FB) is quietly developing a type of digital currency that will let people transfer money through its WhatsApp messaging platform.
What’s in the Canadian Market for PayPal’s Xoom?
PayPal (PYPL) has introduced its international money transfer service, Xoom, in Canada.
Alibaba Burns $132 Million through Ant Financial
Ant Financial caused Alibaba (BABA) a $132 million loss in the second quarter of fiscal 2019.
Alipay Hacking Comes at Sensitive Moment for Alibaba
Hackers broke into the accounts of Alipay users and made off with an unknown amount of cash, according to Bloomberg.
A Look at PayPal’s Place in the $3.7 Trillion Gig Economy
As more people embrace gig work, their payment preferences are also changing, and that’s good news for PayPal (PYPL).
Buyouts and Partnerships to Expand Visa’s Global Reach
Visa (V) is making efforts to stay ahead in the payment industry, which is experiencing tremendous growth.
Why PayPal Isn’t Panicked by Competition
The digital payment industry has continued to attract more players, resulting in more competition, particularly for market leaders like PayPal (PYPL).
JD Finance Raising $2 Billion to Fund Expansion
Alibaba’s Alipay is China’s top mobile payment service, followed by Tencent’s (TCEHY) WeChat Pay.
JD Is Buying a Smaller Stake in Allianz
China recently cleared JD.com (JD) to purchase a large equity stake in the Chinese subsidiary of global insurance company Allianz SE.
How PayPal Could Drive Venmo’s Growth
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 Modified Ant Financial Agreement
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.
PayPal Acquires Jetlore to Enhance Its Marketing Solutions
PayPal generated revenues of $3.7 billion in the first quarter, representing an increase of 24.0% year-over-year.
Why JD Became a Top Investor in Allianz
JD expects to invest $85.4 million for a 33.0% stake in Allianz China, making it the second-largest shareholder in the insurance company.
Alibaba Affiliate Ant Financial Seeking to Raise $9 Billion
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.
Alibaba Loses Part Of Walmart’s Payment Business
Alibaba (BABA) is gearing up to release its financial results for fiscal 4Q18 on May 4, before US trading begins.
What You Need to Know about Alibaba’s Recent Investment in Ofo
Last month, Alibaba (BABA) led a funding round that raised $866 million for China-based bike-sharing company Ofo.
Tencent-Walmart Deal Means a Loss for Alibaba
In selecting Tencent (TCEHY) as its preferred mobile payment provider in western China, Walmart (WMT) made a bold move against competitor Alibaba (BABA).
How Alibaba Could Benefit from Its Investment in Zomato
Zomato said in March 2018 that it had raised ~$200 million from Alibaba affiliate Ant Financial.
How China’s Financial Sector Crackdown Could Affect Alibaba
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 […]
A Look at Apple China
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 […]
Making Sense of Alibaba’s Recent Dealings with Ant Financial
Alibaba is deepening ties with its Ant Financial roughly one month after US regulators blocked an attempt by Ant Financial to acquire MoneyGram.
Why JD Is Investing in Wanda Commercial Properties
JD recently teamed up with several investors to acquire a stake in Wanda Commercial Properties, which is the leading mall developer in China.
Why Alibaba’s Bid for MoneyGram Was Rejected by the US Government
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.
How the JD Finance–ICBC Partnership Works
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.
MoneyGram Gives Alibaba a Reason to Press On
MoneyGram’s adjusted earnings per share of $0.27 rose from $0.15 in 2Q16 and topped the consensus estimate of $0.22.
How PayPal Won Alibaba’s Business
PayPal (PYPL) has partnered with AliExpress, a marketplace owned by Alibaba (BABA). PayPal is helping merchants on AliExpress accept payment from international consumers.
PayPal Isn’t Excited about This Partnership
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.
Why Sustaining AlipayHK Could Make Alibaba Sweat
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.
The Future for Alibaba’s Ant Financial
Speculations are swirling that Alibaba could be gearing up to split its payment unit, Ant Financial, into a stand-alone entity through an IPO.
A Look at PayPal’s Investment in Viva Republica
PayPal (PYPL) recently participated in a funding round that raised $48.0 million for Viva Republic, the parent of Toss, the South Korean payment app.
How Spin-Off of JD Finance Could Affect Alibaba
JD.com recently moved to exit the digital payments business by divesting its stake in JD Finance, its payments unit.
Why leveraged loans were all about refinancing last week
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.