Alibaba Group Holding Ltd (BABA.N)
HONG KONG Alibaba Group Holding Ltd affiliate Ant Financial has banned consumer loans with annual interest rates above 24 percent from its Alipay platform, a move which comes as China's government increases scrutiny of lightly regulated online lending.
HONG KONG, Nov 24 Alibaba Group Holding Ltd affiliate Ant Financial has banned consumer loans with annual interest rates above 24 percent from its Alipay platform, a move which comes as China's government increases scrutiny of lightly regulated online lending.
* Alibaba Cloud becomes presenting partner of FIFA Club World Cup until 2022 Source text for Eikon: Further company coverage:
PARIS, Nov 21 A partnership between French retailer Auchan and internet giant Alibaba risks pushing Carrefour further behind in China and could persuade its new boss to sell out of the country.
(This Nov. 19 story corrects title of Weiwen Han in paragraph nine from analyst to managing partner for Greater China) | Video
(This story corrects title of Weiwen Han in paragraph 9 from analyst to managing partner for Greater China.) | Video
PARIS, Nov 20 French retailer Auchan said on Monday it had not been approached by E-commerce giant Amazon about deals or partnerships in Europe, with speculation still rife that Amazon may be eyeing European transactions.
Nov 20 Auchan Retail CEO Wilhelm Hubner tells a conference call with journalists that:
HONG KONG (Reuters Breakingviews) - Alibaba's deal suggests grocery stores are queuing up to check out. The e-commerce goliath agreed to buy 36 percent of Chinese supermarket operator Sun Art Retail for $2.9 billion. To land the stake at a massive discount implies brick-and-mortar store owners see the writing on the wall.
* Says part of a wider effort to integrate data and physical stores