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Alipay, Tenpay fined for violations in cross-border payments

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07-Feb-18 Alipay and Tenpay have each been fined USD95,000 for violating rules when they handle cross-border payment services. The infringements included violating rules of business scope, information reports, and failing to submit risk reports to authorities. [image: IC / Caixin]

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Alibaba targets India as key e-commerce battleground

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07-Feb-18 Alibaba has secured a USD200 mn stake in leading Indian online grocery group BigBasket, while its payments affiliate Ant Financial agreed to invest the same sum into Indian food-ordering app Zomato. [image: Morgan Stanley Research / FT]

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