Silicon Valley startup Stripe has partnered with digital payment providers Alipay and WeChat Pay , to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers.
Starting Sunday, the partnerships will allow online merchants using Stripe to integrate the ability for Chinese users to pay with Alipay and WeChat Pay on their websites, the company said. Alipay is the flagship payment service of Ant Financial, the financial affiliate of major Chinese ecommerce company Alibaba Group Holding Ltd (NYSE:BABA) and has over 520 million users. WeChat Pay has more than 600 million users and is the payment app of entertainment and social network firm Tencent Holdings (0700.HK).
“If you are an internet business this unlocks a new vast customer base,” John Collison, Stripe’s president and co-founder, said in an interview. In turn, Chinese consumers will have expanded choice as to which international online merchants they can purchase products and services from, he added.
On Friday Alibaba Group Holding Ltd (NYSE:BABA) share price closed at $142.43. Company net profit margin stands at 27.60% whereas its return on equity (ROE) is 17.20%. Alibaba Group Holding Ltd (NYSE:BABA) is -3.95% away from its 52 week high.
The briefing will begin with scientific and health economic poster presentations, product demonstrations and lunch, followed by presentations by company leaders and special guests focused on key products and research activities. The day ends with a brief reception.
Mallinckrodt PLC (NYSE:MNK) announced it will hold an Investor Briefing focused on its Specialty Brands pipeline development assets and commercial portfolio. The Investor Briefing takes place from 9:30 a.m. to 6 p.m., Eastern Time, on Wednesday, Oct. 4, 2017, at the Sheraton Times Square, 811 7th Ave., New York.
Mallinckrodt is a global business that develops, manufactures, markets and distributes specialty pharmaceutical products and therapies. Areas of focus include autoimmune and rare diseases in specialty areas like neurology, rheumatology, nephrology, pulmonology and ophthalmology; immunotherapy and neonatal respiratory critical care therapies; and analgesics and hemostasis products.
Mallinckrodt PLC (NYSE:MNK) traded 1.42 Million shares and its share price decreased -0.88% to close at $42.64. Company has 0.80% insider ownership. Mallinckrodt PLC (NYSE:MNK) quarterly performance is -4.33% while its year to date (YTD) performance is -14.41%.
On Friday shares of MEI Pharma, Inc. (NASDAQ:MEIP) ended up at $2.88. This year Company’s Earnings per Share (EPS) growth is 47.70% and next year’s EPS growth is -6250.00%. Beta of MEI Pharma, Inc. (NASDAQ:MEIP) is 1.46 while company weekly performance is 20.00%.
Weatherford International plc (NYSE:WFT) decreased -1.67% to close at $3.53 on 07 July. Its return on assets (ROA) is -25.90% while return on investment (ROI) is -28.60%. Weatherford International plc (NYSE:WFT) price to sales (P/S) ratio is 0.62.