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PayPal becomes first foreign company in China with full ownership of payments business Reuters January 14, 2021 In taking full control of one of the smaller players in the world's largest payment market, PayPal will compete with domestic payments giants Alipay, owned by Alibaba-affiliated Ant Group, and WeChat Pay Alibaba mulls raising $5 billion via US dollar-denominated bond in January Reuters January 6, 2021 Depending on investor response, proceeds could reach $8 billion which Alibaba is likely to use for general corporate expenditure, one of the people said Donald Trump bans transactions with 8 Chinese apps, including Jack Ma's Alipay Reuters January 6, 2021 The move is aimed at curbing the threat to Americans posed by Chinese software applications, which have large user bases and access to sensitive data China intensifies crackdown on Jack Ma's fintech firm; reviews Ant Group's equity investments Reuters December 31, 2020 Divestments would also significantly scale back Ant's influence over the country's fast-growing fintech industry, where it has sought synergies with its existing businesses via several investments in recent years Alibaba rakes in billions as first Singles' Day shopping fest post COVID-19 kicks off in China Reuters November 11, 2020 Alibaba launched the annual online blitz early this year, with two primary discount periods taking place from Nov. 1 through Nov. 3 and again on Nov. 11 Ant Group's IPO sees record $3 trillion in retail demand Reuters October 31, 2020 Investors, both retail and institutional, are rushing to buy into Ant, which operates China's biggest payments platform and other financial services, despite risks of greater scrutiny at home and abroad Ant Group poised to raise $34.3 billion via IPO despite scrutiny threat Reuters October 27, 2020 The dual listing, a first for Shanghai's Nasdaq-style STAR Market and Hong Kong, would value Ant at about $312 billion before a so-called greenshoe option for a 15% overallotment of shares Share Market Highlights: Sensex ends 376 points higher, Nifty at 11,522; Kotak Bank, Nestle top gainers BusinessToday.In October 27, 2020 India Stock Market Highlights Today: Global equities were mostly negative today as surging coronavirus cases and lack of clarity on the US stimulus package kept sentiments bearish Silver Lake invests Rs 7,500 cr in Mukesh Ambani's Reliance Retail for 1.75% stake BusinessToday.In September 9, 2020 Silver Lake invests in Reliance Retail: This investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore; now both Jio Platforms and Reliance Retail account for over Rs 9 lakh of RIL's valuation TikTok ban: China's BAT trinity - Baidu, Alibaba, Tencent - has a grip on India's app ecosystem Anwesha Madhukalya June 30, 2020 TikTok ban in India: Alibaba Group has made inroads in sectors such as e-commerce, social media, fintech, logistics and more, while Tencent has its presence in e-commerce, gaming, logistics, education, fintech Alibaba's Jack Ma not to retire anytime soon, will unveil succession plan next week Reuters September 8, 2018 Alibaba Group Holding Ltd's billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being. Paytm, SoftBank to collaborate for mobile payments services in Japan by year-end BusinessToday.In July 23, 2018 Just two months back, SoftBank pumped in $1.4 billion into Paytm - the largest fund infusion by a single investor in a homegrown start-up.

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