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Ant Financial to transfer 10.3% Paytm stake to Vijay Shekhar Sharma
Vijay Shekhar Sharma, founder and chief executive of Paytm, has entered into a deal with Ant Financial to secure a 10.30% stake in the Indian financial services firm in a move that appears to be orchestrated to cut the Noida-headquartered giant’s exposure to the Chinese company. Resilient Asset Management, a firm fully owned by Sharma, is acquiring the stake from Ant Financial, Paytm said. The…
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Ant’s global play is to be a payments aggregator and it now reaches 1B users
Ant’s global play is to be a payments aggregator and it now reaches 1B users
After trying for years to replicate the success of its QR code-enabled payments solution overseas, Ant Group seems to have finally found a path to scaling. Instead of going after end users, the Alibaba-affiliated fintech giant has been quietly forming partnerships with local payments providers in Asia. It’s built something akin to the Mastercard or Visa network for digital payments, allowing…
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Crypto and securities, back of the postcard version
Crypto and securities, back of the postcard version
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex, Natasha and Mary Ann got together with Grace once again this week for our weekly roundup show, and hot dang was there a lot to talk about. So much so that we actually had to cut one topic from our notes, any guesses what that may have been? Regardless,…
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How machine intelligence changes the rules of business
How machine intelligence changes the rules of business
Photo by Pixabay on Pexels.com Today markets are being reshaped by a new kind of firm—one in which artificial intelligence runs the show. This cohort includes giants like Google, Facebook, and Alibaba, and growing businesses such as Wayfair and Ocado. Every time we use their services, the same thing happens: Rather than relying on processes run by employees, the value we get is delivered by…
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Digital Health Passports
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