Every year we generate new stuff and we acquire new stuff. But more than a year later, that deal hasnt closed. 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. But Alipay or at least its history is part of the bear case for the stock, too. Before it's here, it's on the Bloomberg Terminal. 1125 N. Charles St, Baltimore, MD 21201. Alibaba had been entitled to 37.5% of Ant Financials pretax earnings based on that deal, struck in the run-up to Alibabas record-breaking 2014 IPO. But Alipay or at least its history is part of the bear case for the stock, too. The regulatory process no doubt is difficult. 1 Money-Market Fund Shrinks by $120 Billion in China. Nasdaq We never stop, Zhang told Alibabas annual investor conference in Hangzhou. Single opportunity could 16X your investment starting next week. PAT RESEARCH is a leading provider of software and services selection, with a host of resources and services. For investors who struggle to trust Alibaba, the Alipay saga is a key reason why. We provide Best Practices, PAT Index enabled product reviews and user review comparisons to help IT decision makers such as CEOs, CIOs, Directors, and Executives to identify technologies, software, service and strategies. Compatibility, Alipay supports wap 2.0, wap1.0, web browser and different mobile browsers. All the while, there have been repeated steps in the direction of an Ant Financial IPO. When the buyer has completed the payment, the amount will be allocated to a partner settlement bank for currency exchange, and then the payment amount will be remitted into the seller's international bank account once the agreed settlement amount or settlement time is met. There simply are so many risks here. Read more: Worlds No. Yahoo!, now Altaba (NASDAQ:AABA), which owned 43% of Alibaba at the time, saw its stock fall almost 10% as a result. Still, given Alibabas history, investors could be forgiven for wondering what, exactly, is taking so long. (Or, more accurately, a shareholder in a Cayman Islands-based variable interest entity with a contractual right to Alibabas profits.) Those efforts date to 2016. Back in 2011, Alibabas then-CEO Jack Ma basically took Alipay from Alibaba. Those acquisitions are collectively worth $83 billion, Chief Financial Officer Maggie Wu said. Management commentary has been limited. The fact that Ma transferred the asset away from Alibaba and to himself suggests a risk of similar self-dealing by other executives. Meanwhile, Alipays profits evidently plunged last year, with Alibabas share of fees from Ant Financial dropping by 85% in Alibabas fiscal 2019. It offers a real time payment solution to Chinese buyers who will purchase products or services from merchants website and make a payment in RMB. 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 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. Alipay is a payment service that brings the worlds consumers and business together. In return, Alibaba gives Ant insights into consumer credit and loan demand. Indeed, my InvestorPlace colleague Wayne Duggan highlighted Alipay as a secret weapon for Alibaba. But whether its Alipay, the new listing in Hong Kong, or shareholder rights, there are real concerns about Alibaba stock at the moment. Copyright 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. Ants payment business -- Chinas most popular transactional tool --- will prove instrumental by helping direct traffic to e-commerce and on-demand services such as food delivery. Its acquiring assets overseas via deals in India and Thailand, en route to a potential initial public offering. Meanwhile, as Alibaba admitted in filings ahead of its IPO, the supposed restriction that drove the move never materialized. Payment and financial services are very important pillars in Alibabas system.. denied it had been told about the transfer ahead of time. Join over 55,000+ Executives by subscribing to our newsletter its FREE ! Thats worth remembering as the BABA stock price tries to make another run to the highs. Alipay will deduct the payment from the buyers account in real-time. The Alibaba-Ant deal unwinds an earlier agreement brokered to resolve a 2011 dispute with shareholder Yahoo! The two companies settled the dispute in 2011 by giving Alibaba a37.5% share of Alipay profits. Alipay will deduct the payment from the buyers account in real-time. Like Alibaba, its grappling with the fallout from U.S.-Chinese trade tensions, which have depressed consumer spending across the worlds No. Alibaba stock isnt even ownership in Alibaba itself. A valuable business unit was pulled out of the company for reasons that still remain unclear. Its possible these risks are just the price of being a owner of BABA stock. Read more: New Alibaba Chief Explains Why He Wants to Kill His Own Business. All rights reserved. Yahoo! Officially named Zhejiang Ant Small & Micro Financial Services Group Co., the company remains one of Mas most closely watched assets, and tightly linked to Alibaba. Alipay seems to be a reasonably large part of the BABA stock bull case. Alipay's payment solution provides international merchants with access to the burgeoning Chinese market at a low cost and also efficiently. Why not get it straight and right from the original source. Inc. That was better than nothing for Alibaba and its shareholders but a far cry from the 100% of earnings to which they felt entitled. Alipay and its parent company, Ant Financial, arent owned by Alibaba yet. knew about the move, which ostensibly was made to satisfy new regulations which prohibited foreign ownership of payment companies. What else is going on here? {"cookieName":"wBounce","isAggressive":false,"isSitewide":true,"hesitation":"20","openAnimation":"rotateInDownRight","exitAnimation":"rotateOutDownRight","timer":"","sensitivity":"20","cookieExpire":"1","cookieDomain":"","autoFire":"","isAnalyticsEnabled":true}. 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 countrys biggest technology corporations. 2 economy. It offers a real time payment solution to Chinese buyers who will purchase products or services from merchants website and make a payment in RMB. The Alibaba ( NYSE: BABA ) stock price tries to make run! Zhang told Alibaba s then-CEO Jack Ma basically took Alipay from Alibaba Alibaba, the Alipay saga a A 37.5 % share of Alipay profits another run to the payment product in,. Suggest that Alipay is a key reason why to resolve a 2011 dispute with shareholder! 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