A $150 billion valuation would make Ant Financial worth more than Goldman Sachs or BlackRock.
The facial recognition technology developer’s latest fundraising reflects China drive to overtake the U.S. in AI.
Alibaba shares moved lower over the past week following the acquisition of Ele.me, but traders will be watching these key levels.
Alibaba is gearing up to invest in Grab, the ride hailing app company in Southeast Asia.
The Chinese e-commerce company Alibaba has not taken kindly to the efforts of a startup cryptocurrency to capitalize on its brand.
Alibaba takes full ownership of the food delivery startup Ele.me.
Plastic isn't going away anytime soon, and PayPal should be wary, wrote Bernstein.
Walmart has replaced Alipay in the Western part of China with rival WeChat Pay from Tencent.
Chinese technology have till now remained largely impervious to President Trump's trade policies.
The government's long-term goal is to reverse years of China's businesses going public overseas.