Read more: New Alibaba Chief Explains Why He Wants to Kill His Own Business. The Chinese e-commerce leader has closed the acquisition of 33% of newly issued equity in Ant, a long-gestating deal that cements ties between two of the country’s biggest technology corporations. Still, given Alibaba’s history, investors could be forgiven for wondering what, exactly, is taking so long. Meanwhile, as Alibaba admitted in filings ahead of its IPO, the supposed restriction that drove the move never materialized. Why not get it straight and right from the original source. Zhang on Tuesday set a goal for Alibaba to have 1 billion annual active users contribute 10 trillion yuan ($1.4 trillion) of transactions by 2023. •Website Payment •Mobile Payment •Transact from Chinese Buyers •Supports 12 Foreign Currencies, Small (<50 employees), Medium (50 to 1000 employees), Enterprise (>1001 employees), •Website Payment •Mobile Payment •Transact from Chinese Buyers. It’s been compared to PayPal (NASDAQ:PYPL) and Square (NYSE:SQ). Thank you ! All rights reserved. What else is going on here? For its part, Alibaba insisted that Yahoo! Some of the features include stable mobile terminal payment service; Alipay can provide the platform as stable, secure and simple as Website terminal which can deal with huge amount of transaction number. PAT RESEARCH is a B2B discovery platform which provides Best Practices, Buying Guides, Reviews, Ratings, Comparison, Research, Commentary, and Analysis for Enterprise Software and Services. Before it's here, it's on the Bloomberg Terminal. And it’s possible that over time, China’s financial system will become more open — and more regulated. Yet a potential offering has been pulled on multiple occasions, most recently in 2018. We never stop,” Zhang told Alibaba’s annual investor conference in Hangzhou. 2020 InvestorPlace Media, LLC. They clashed after Alibaba transferred the fast-growing Alipay into an entity controlled by Ma, citing concerns that it wouldn’t be permitted to conduct business in China while it had foreign ownership. Read more: World’s No. Like Alibaba, it’s grappling with the fallout from U.S.-Chinese trade tensions, which have depressed consumer spending across the world’s No. and get fully confidential personalized recommendations for your software and services search. Meanwhile, Alipay’s profits evidently plunged last year, with Alibaba’s share of fees from Ant Financial dropping by 85% in Alibaba’s fiscal 2019. knew about the move, which ostensibly was made to satisfy new regulations which prohibited foreign ownership of payment companies. Management commentary has been limited. But given that the app supposedly is already entrenched in China — with some 700 million users, per management commentary — that decline seems enormous, even with spending on new markets. Run by Darkdata Analytics Inc. All rights reserved. Users are not required to set-up a company or even open a bank account in China. Alipay is a payment service that brings the world’s consumers and business together. quotes delayed at least 15 minutes, all others at least 20 minutes. All the while, there have been repeated steps in the direction of an Ant Financial IPO. Settlements with international partner merchant companies are remitted directly to the merchant's international banking account in one of the twelve currently-supported currencies. Have a confidential tip for our reporters? “Today we see a highly integrated operation,” he said. Those efforts date to 2016. Alipay … But Alipay — or at least its history — is part of the bear case for the stock, too. Meanwhile, as I wrote this month about iQiyi (NASDAQ:IQ), some investors see the opportunity in China as more than worth the risks. Alibaba, Tencent expand their empires via investments in tech companies. The deal formally links Ma’s two signature corporations just as protege and Chairman Daniel Zhang takes the helm of China’s largest online commerce company. Copyright © Alipay suddenly isn’t profitable while at the same time the Chinese economy is slowing and regulators are pushing back. Ant however is contending with heightened competition from the likes of Tencent Holdings Ltd. in online finance and payments, while struggling to halt an exodus of capital from its main investment vehicle. Alipay is Just Another Point of Contention for Alibaba Stock Investors, MoneyLine Podcast: Everything You Need to Know to Prepare for Tomorrow’s Election, 8 Ways to Make Money in a Turbulent Market, Trump vs. Biden: Stocks to Buy No Matter Who Wins the White House, 7 Clean Energy Stocks To Watch Ahead Of The U.S. Election, 7 Hot SPAC IPOs to Buy Before Election Day, Fuzzy Panda Research’s Take on Workhorse Group Is Just Silly, 8 Tech Stocks Of Tomorrow Investors Should Buy Today. Article printed from InvestorPlace Media, https://investorplace.com/2019/07/alipay-another-point-contention-alibaba-stock/. The regulatory process no doubt is difficult. Alibaba Group Holding Ltd. has bought a third of Ant Financial, the online financial services behemoth controlled by billionaire Jack Ma, augmenting a global array of investments now worth $83 billion. But whether it’s Alipay, the new listing in Hong Kong, or shareholder rights, there are real concerns about Alibaba stock at the moment. All rights reserved. 1125 N. Charles St, Baltimore, MD 21201. That’s worth remembering as the BABA stock price tries to make another run to the highs. Alipay also collects payment (RMB) from shoppers to BUY foreign currency, and will then remit the sum to receiving bank account of merchants in settlement. Alipay has more than 550 million users and facilitates around 8.5 million transactions every day. Alipay seems to be a reasonably large part of the BABA stock bull case. Ant’s payment business -- China’s most popular transactional tool --- will prove instrumental by helping direct traffic to e-commerce and on-demand services such as food delivery. Alipay will then remit the sum in a foreign currency (one of the twelve that are currently supported) to the international merchant in settlement. Alibaba had been entitled to 37.5% of Ant Financial’s pretax earnings based on that deal, struck in the run-up to Alibaba’s record-breaking 2014 IPO. Wall Street analysts, as Duggan noted, have taken a similar shine to the payment product. And until that changes, BABA may stay stuck. It’s possible these risks are just the price of being a owner of BABA stock. As the Alibaba (NYSE:BABA) stock price rallies again, something’s still missing: Alipay. It’s acquiring assets overseas via deals in India and Thailand, en route to a potential initial public offering. Alipay Could End up Being the Secret Weapon That Drives BABA Stock BABA stock is bolstered by another income stream By Wayne Duggan , InvestorPlace Contributor Apr 5, 2019, 1:18 …
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