That has set up a global competition between WeChat ("China's Facebook") and Alibaba ("China's Amazon") to seize as much online payments territory as they can as quickly as possible. MoneyGram may ...

China’s largest online payments provider, Ant Financial, is seeking to raise nearly $3bn in debt financing in order to fund a range of ambitious overseas acquisitions. The group, which is an affiliate ...

Chinese tech giant Alibaba said on Wednesady that its core Taobao and Tmall e-commerce platforms will now allow payment through Tencent's WeChat app for the first time. Previously, Alibaba's ...