On the Brink of IPO, Alibaba Group is Reportedly in Discussions to Buy back Alipay

According to data from data analysis and online tracking firm iResearch, the total transaction volume by independent mobile payments services from China increased by 707%, rising to $201.2 Billion (1219.74 Bn Yuan) in 2013. Alipay, a subsidiary of Alibaba, accounted for 75 percent of the country’s mobile payment market as of June. On 1st May 2014, WSJ reporte ...

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