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 ...

Alibaba is affiliated with the Jack Ma-founded Ant Group's Alipay, which is WeChat's main rival for online payments in China. Tencent has also been a major investor in other e-commerce platforms ...

Following Alibaba's announcement to incorporate ... partnership between the country's largest online marketplaces and its second-largest mobile payment service. Many hope that the move could ...