Alibaba continues to grow as it strengthens its financial reach in regards to the insurance industry. Alibaba Group Holding Ltd. plans to invest 1.2 billion yuan or $188 million into a Chinese unit of Cathay Financial Holding Co. According to an official statement released on Monday Zhejiang Ant Small & Micro Financial Services Group Co. is buying a 60% stake in Cathay Insurance Co. The two companies plan on working together in order to grow and increase cooperation with regards to cloud computing. Read more →
Tag: investing
Stocks to Invest in Now
1. Netflix: Netflix, the extremely popular video streaming service reports quarterly results right in the middle of the month. This information gives investors a great personal view of how the company is performing and whether they should invest or not. April is a huge month for new releases in terms of movies and television shows, which could have an impact… Read more →