Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Alibaba cleans up payments before IPO
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews Pakistan > Tech > Alibaba cleans up payments before IPO
Tech

Alibaba cleans up payments before IPO

Web Desk
By Web Desk Published August 14, 2014 1 Min Read
Share
SHARE

Weeks before the Chinese e-commerce juggernaut is due to start a roadshow for an initial public offering, it has tidied up relations with its payments affiliate. Though the new arrangement is still a lot messier than shareholders might want, it should make for a neater IPO.

Alibaba’s relationship with Alipay is complex and sensitive. The unit processes more than three-quarters of the transactions on the Chinese group’s websites, but has been owned by a private vehicle controlled by founder Jack Ma since 2011. That business, known as Small and Micro Financial Services Company (SMFSC), is also home to other ventures like its fast-growing money market funds. For customers, the units connect seamlessly. The corporate links are more complicated.

The latest reshuffle aims to draw a clearer line between the two entities. Alibaba will focus on e-commerce, while SMFSC will stick to finance. As part the deal, Alibaba is handing its affiliate a portfolio of loans to small- and medium-sized enterprises. The transfer helps to reduce the risk of meddling by Chinese financial regulators.

Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Lewis Hamilton Ashley Moore

Lewis Hamilton Sparks Romance Rumors with Model Ashley Moore

Tyler Robinson Death Penalty

Utah Seeks Death Penalty for Tyler Robinson in Charlie Kirk Killing

Amanda Seyfried Charlie Kirk

Amanda Seyfried Faces Backlash for Calling Charlie Kirk ‘Hateful’ After His Murder

Post Archives

More Popular from Photonews

PTI Pakistan election rigging
Pakistan

PTI Demands Release of Commonwealth Report on 2024 Pakistan Election

3 Min Read
Pakistan Supreme Court
Pakistan

Pakistan Supreme Court Acquits Accused in Two Major Cases

3 Min Read
Arab-Islamic Summit Israel Qatar
Top NewsWorld

Arab-Islamic Summit Demands Sanctions on Israel for Gaza War, Qatar Attack

3 Min Read
Business

Gold and Silver Prices Hold Steady at Record Highs in Pakistan for 2025

Gold and silver prices in Pakistan remained stable at all-time highs, mirroring trends in the international…

September 10, 2025
Entertainment

Jessica Simpson Shares Tony Romo Breakup Story and Boat Dispute

Jessica Simpson shared details about her past relationship with former Dallas Cowboys quarterback Tony Romo. In…

September 13, 2025
Top NewsWorld

Who is Utah Student Tyler Robinson Arrested in Charlie Kirk Shooting?

Tyler Robinson, 22, allegedly shot and killed conservative influencer Charlie Kirk at Utah Valley University from…

September 13, 2025
Top NewsWorld

Trump Lands in UK for Second State Visit Amid Protests

US President Donald Trump arrived in Britain on Tuesday, September 16, 2025, for a rare second…

September 17, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?