Ant Financial

SAN FRANCISCO (Jan 3): Ant Financial Services Group abandoned its plan to merge with MoneyGram International Inc. after the companies failed to win approval from the Committee on Foreign Investment in the US, a national-security panel that has become more

SHANGHAI (Oct 17): They’ve made billions of dollars helping sell everything from iPhones to hairdryers on China’s burgeoning online shopping platforms. Now, tech giants led by Alibaba Group Holding Ltd.’s finance affiliate are making money off the l

SINGAPORE (Sept 21): Tencent Holdings is coming for your dollars.

SINGAPORE (Aug 18): Sovereign wealth fund GIC says it has joined a consortium of Asia-based investors to acquire a Hong Kong-based insurance company, MassMutual Asia, from Massachusetts Mutual Life Insurance Company for a total of consideration of about U

SINGAPORE/SHANGHAI (June 30): Over the past two months, some 1,000 part-time workers for DBS Group Holdings Ltd. have fanned out across Singapore’s famed food courts, trying to entice mom-and-pop hawkers to use the bank’s digital payments service, ca

BEIJING (April 19): Ant Financial, the payment affiliate of Alibaba Group Holding, has acquired Singapore-based payment service helloPay Group, part of the Chinese firm's drive to boost its Alipay brand and presence in South-east Asia.

(Sept 5): Tencent Holdings has surpassed China Mobile to become the country's most valuable corporation, underscoring the growing importance of a vibrant private economy over lumbering state-owned enterprise.

SINGAPORE (Aug 18): Investments in venture capital (VC) backed financial technology (fintech) startups have declined by 49% in 2Q16, on the back of a tougher climate for marketplace lenders as well as a decline in mega-round activity.