Alipay is working on a plan to launch services in Europe this summer. The service will make it easier Chinese tourists to make transactions with European merchants using the app.
transaction
- US Secretary of State Antony Blinken Calls on China to Treat American Companies Fairly During Visit to Shanghai
- HYBE Files Police Report Against NewJeans Label CEO Min Hee-Jin Amid ADOR Exec's Emotional Press Conference
- Minneapolis City Council Unanimously Approves Minimum Retail Price of $15/Pack for Cigarettes to Improve Public Health
Top M&A lawyer, Scott Barshay, leaves Cravath to be a global head of mergers and acquisitions for rival law firm Paul, Weiss. Mr. Barshay has been representing big and high-profile clients, including Honeywell, Starwood, and 3G investment firm.
Earlier this month, Chinese state-owned company ChemChina reached an acquisition deal of $43 billion with Swiss company Syngenta. After clearing regulation requirements in China, ChemChina is now seeking out loans of more than $35 billion from bankers to fund the purchase.
Both ChemChina and Syngenta have agreed on the amount of $34 billion for ChemChina to acquire the Swiss company. The acquisition, if completed, would be the biggest foreign purchase ever made by a Chinese company. However, the trend shows that Chinese company are showing interest in investing overseas, especially in the Western countries.
Subscribe to VCpost newsletter
Most Popular
- SSI Payment for May 2024: Supplemental Security Income Recipients to See Double Amount in Payout
- Doctors Raise Concerns Over Proposed Capital Gains Tax Changes
- How to Apply for Social Security Spousal Benefits; Here's How You May Boost Your Money!
- How to Get IRS Unclaimed Tax Refunds: Here's What to Do If You Think You Have Pending Payments
- MSC Darwin Ship Targeted by Yemen's Houthis in Gulf of Aden
- JPMorgan CEO Warns of Economic Risks Amid Biden's 'Huge' Deficit Spending, Questions Likelihood of 'Soft Landing'
- Norway Airspace Shuts Down for Several Hours Following Technical Glitch
- Google's Parent Company Alphabet Approves First-Ever Dividend as Shares Skyrocket