Alipay owner Ant Financial takes minority stake in Klarna

Alipay owner Ant Financial takes minority stake in Klarna

Some big moves in the payments platform space: Ant Financial Group, the owner of China’s Alipay payment platform, has announced it’s taking a minority stake in Swedish payments platform Klarna . Klarna has a strong European presence and a flagship product that lets...
Pan-African e-tailer Jumia grows 3Q revenue, e-payments and losses

Pan-African e-tailer Jumia grows 3Q revenue, e-payments and losses

Pan-African e-commerce startup Jumia released its third-quarter financial results today. The numbers and presentation reflected some of the same past trends, with a dash of new, and nary a mention of a declining share price. The results Jumia — with online goods and...
Alipay owner Ant Financial takes minority stake in Klarna

Why Walmart’s Flipkart is betting heavily on Hindi

Flipkart, the largest e-commerce platform in India, said Tuesday it has concluded the roll-out of a range of features to its shopping app in what is its biggest update in recent years. Chief among these new features is access to Flipkart in Hindi language. Prior to...