Bottom line: Alibaba's interest in Metro's China operations is part of its new retail strategy, while the purchase of a British payments company by its Ant Financial unit could give it a strong toehold in the European payments market.
After a period of relative quiet, e-commerce giant Alibaba (NYSE: BABA) is suddenly springing into three relatively major headlines simultaneously on the investment front. Two have a European angle, one involving a major potential investment in German retailer M...
.Bottom line: Ant Financial's purchase of 20 percent of Hong Kong restaurant ratings site OpenRice looks like a smart, incremental move to boost its presence in its first major foray to build a local customer base outside China.
We'll close out the week with a lighter story, with word that Alibaba's (NYSE: BABA) Ant Financial affiliate has taken a nibble at Hong Kong with an investment in the territory's most popular restaurant rating...
Bottom line: The inclusion of Alibaba's Taobao marketplace on the latest edition of a US blacklist for piracy signals US is taking a tougher line on trade issues.
What a difference a year makes. It was just about this time a year ago that Alibaba (NYSE: BABA) founder Jack Ma scored a major coup by becoming the first major Chinese business leader to score a visit with incoming US President Donald Trump. (previ...
Bottom line: The collapse of Ant Financial's purchase of MoneyGram reflects growing resistance from a Trump administration willing to mix business and politics in its relationship with China.
In yet the latest sign that the Donald Trump administration intends to take a hard line towards Chinese M&A, Washington has killed a $1.2 billion deal that would have seen Alibaba-affiliated (NYSE: BABA) Ant Financial purchase US money-transfer spec...