Alibaba Group Holding Ltd (NYSE:BABA) was organized in 1999, when the founder of Alibab.com, Jack Ma, connected overseas buyers with Chinese manufacturers. The company mainly operates in the People’s Republic of China, and during the year 2013, two of Alibaba Group Holding Ltd (NYSE:BABA) portals handled more than $170 billion in sales. As of September 19, 2014, the market value of Alibaba Group Holding Ltd (NYSE: BABA) was estimated at over 230 billion U.S. dollars.
Alibaba Group Holding Ltd (NYSE:BABA) has been granted approval by the Chinese government to set up a private bank. This is one step closer for the company to shine in the financial sector.
An affiliate of Alibaba Group Holding Ltd (NYSE:BABA), Zhejiang Ant Small & Micro Financial Services Group, will hold 30% stake in the bank, and a variety of other partners will hold the remainder of the bank.
The remaining stakeholders include Shanghai Fosun Industrial that is hold 25%; Ningbo Jinrun Asset Management will own 16% and Wanxiang Group will be in possession of 18% of the bank.
A parent company of Juneyao Airlines, known as Shanghai JuneYao Group Co Ltd, has also received approval to set up their own bank. This bank plans to offer financial services, such as: investments, trading and settlement services. In addition, they plan to explore the possibility of offering problem solving services to small and mid-size companies.
Wang Junjin, a chairman for Juneyao Airlines, said that its’ goal is to stimulate the market and create a healthy competition for privately-owned banks.
The stakeholders for Juneyao’s bank, which will be based in Shanghai, China, include Shanghai Metersbonwe Fashion & Accessories Co Ltd holding 15% and the other stakeholders will hold no more than 10% each in the new bank.
This new batch of privately-owned banks is part of a program that was launched within in the last nine months, and it is a way for the country to open up the banking sector to private investors.
A spokeswomen representing Alibaba Group Holding Ltd (NYSE:BABA) said in a written statement, that they will continue to serve the financial needs of smaller enterprises, as well as individuals by leveraging the technology of the internet and the data analysis, in order to fulfill the requirements and time frame set forth.
Although these companies were one of the first private firms to submit their application for a private banking licenses they are not the first to be approved. Just a few short months ago, July 2014, China approved three private sector banks, including one that is backed by Tencent Holding, LTD, a rival of Alibaba Group Holding Ltd (NYSE:BABA).
The banks should take another six months to be completely set up, and they will also need to apply for licenses before they can fully start operating.
Alibaba Group Holding Ltd (NYSE:BABA) opened today at 89.62 and at 10:00 am EST it is holding at 88.30. The market cap is 219.43 B with a 52 week range of 88.96 to 89.70.
Pingback: goodrx cialis
Pingback: pills for erection
Pingback: male erection pills
Pingback: erectile dysfunction drug
Pingback: generic cialis online
Pingback: rx pharmacy
Pingback: best online pharmacy
Pingback: Viagra or cialis
Pingback: vardenafil coupon
Pingback: online vardenafil
Pingback: levitra canada
Pingback: casino online games
Pingback: slot games
Pingback: viagra sample
Pingback: best real casino online
Pingback: casino real money
Pingback: cialis buy cialis
Pingback: pay day loans
Pingback: cash loan
Pingback: cash advance online
Pingback: viagra pills
Pingback: slot games online
Pingback: real money casinos
Pingback: buy cialis
Pingback: is it safe to play online casinos
Pingback: casino casino casino internet online roulette
Pingback: best real money online casinos
Pingback: new cialis
Pingback: cialis 5 mg
Pingback: cialis to buy
Pingback: gambling games
Pingback: slots real money
Pingback: vegas casino online
Pingback: slot machine games
Pingback: generic viagra names
Pingback: what is sildenafil
Pingback: viagra online prescription
Pingback: tadalafil generic
Pingback: cialis dosage
Pingback: best online casino
Pingback: online casino real money us
Pingback: real viagra without a doctor prescription
Pingback: Viagra 130 mg australia
Pingback: Viagra 120 mg medication
Pingback: Viagra 50 mg australia
Pingback: Viagra 150 mg online pharmacy
Pingback: where to buy Viagra 150mg
Pingback: cost of Viagra 150 mg
Pingback: grassfed.us
Pingback: Cialis 80 mg without prescription
Pingback: how to buy Cialis 80mg
Pingback: Cialis 20mg cheap
Pingback: Cialis 60 mg united states
Pingback: Cialis 80mg no prescription
Pingback: sildenafil 150 mg otc
Pingback: lasix 40mg uk
Pingback: lexapro 10mg tablet
Pingback: actos 30mg otc
Pingback: allegra 180 mg united states
Pingback: buy cialis 20mg
Pingback: buy allopurinol 300 mg
Pingback: amaryl 4mg coupon
Pingback: amoxicillin 500mg pills
Pingback: buy ampicillin 500mg
Pingback: cheapest antabuse 250 mg
Pingback: antivert 25mg online
Pingback: arava 20 mg generic
Pingback: arimidex 1mg without a prescription
Pingback: ashwagandha 60caps cost
Pingback: atarax 25mg without a prescription
Pingback: augmentin 500/125 mg online
Pingback: keflex.webbfenix.com
Pingback: how to purchase baclofen 25mg
Pingback: benicar 20mg tablets
Pingback: Biaxin 250mg online pharmacy
Pingback: Premarin 0,625 mg cost
Pingback: calcium carbonate 500mg no prescription
Pingback: cardizem online pharmacy
Pingback: casodex 50 mg without a prescription
Pingback: buy catapres 100mcg
Pingback: ceclor medication
Pingback: ceftin 125 mg price
Pingback: celebrex 100 mg pills
Pingback: celexa 10 mg over the counter
Pingback: cephalexin pills
Pingback: cipro 500mg without a prescription
Pingback: claritin cost
Pingback: online casino games for real money
Pingback: slot games
Pingback: casino
Pingback: wind creek casino online games
Pingback: online slots
Pingback: online casino gambling
Pingback: gambling casino
Pingback: play online casino real money
Pingback: betfair casino online
Pingback: online casinos usa
Pingback: amica car insurance
Pingback: erie car insurance quotes
Pingback: car insurance quotes online
Pingback: full coverage insurance
Pingback: car insurance quotes renewal
Pingback: allstate car insurance
Pingback: progressive car insurance quotes
Pingback: alliance car insurance quotes
Pingback: amica car insurance
Pingback: collector car insurance quotes
Pingback: personal loans texas
Pingback: payday loans in ga
Pingback: payday loans company
Pingback: Overnight viagra
Pingback: payday
Pingback: bad credit loan bad credit loans
Pingback: best personal loans
Pingback: how much cbd oil should i take
Pingback: best cbd oil for cancer treatment
Pingback: cbd hemp oil capsules
Pingback: cbd oil for sale in georgia
Pingback: cbd hemp oil vape juice
Pingback: best cbd oil tincture
Pingback: cbd hemp oil drops for pain for sale
Pingback: best cbd oil tincture
Pingback: kinetic books homework
Pingback: college paper writer
Pingback: mass effect assignment
Pingback: professional research paper writers
Pingback: buy essay online
Pingback: how to write argument essay
Pingback: essay writing service toronto
Pingback: essay writing
Pingback: cheap essay writing service us
Pingback: cleocin 300mg canada
Pingback: order clomid 100mg
Pingback: Best price viagra
Pingback: clonidine 0,1mg purchase
Pingback: cheap clozaril
Pingback: Order viagra
Pingback: cheap colchicine 0,5 mg
Pingback: symbicort inhaler 160/4,5mcg otc
Pingback: cost of combivent
Pingback: coreg usa
Pingback: where can i buy compazine
Pingback: coumadin 1 mg nz
Pingback: buy cozaar
Pingback: cymbalta canada
Pingback: dapsone 1000caps uk
Pingback: Buy viagra cheap
Pingback: ddavp united states
Pingback: depakote cheap
Pingback: how to buy diamox 250 mg
Pingback: cost of differin
Pingback: cheap diltiazem
Pingback: dramamine pharmacy
Pingback: elavil 25mg price
Pingback: where to buy erythromycin 250mg
Pingback: etodolac 200 mg coupon
Pingback: flomax australia
Pingback: flonase nasal spray uk
Pingback: garcinia cambogia caps nz
Pingback: geodon 80 mg pharmacy
Pingback: hyzaar without a doctor prescription
Pingback: imdur nz
Pingback: cost of imitrex
Pingback: imodium 2mg australia
Pingback: this post
Pingback: cheap imuran
Pingback: indocin cheap
Pingback: lamisil 250mg tablet
Pingback: cheap levaquin
Pingback: lopid without prescription
Pingback: lopressor coupon
Pingback: luvox 100mg without a prescription
Pingback: macrobid nz
Pingback: meclizine 25 mg australia
Pingback: mestinon price
Pingback: cheap micardis 40mg
Pingback: mobic medication
Pingback: cheapest motrin 200mg
Pingback: how to purchase nortriptyline 25mg
Pingback: periactin 4mg tablets
Pingback: phenergan 25mg prices
Pingback: plaquenil 200mg coupon
Pingback: cost of prednisolone 10mg
Pingback: prevacid purchase
Pingback: how to purchase prilosec
Pingback: proair inhaler 100mcg usa
Pingback: proscar 5mg online
Pingback: buy protonix
Pingback: provigil 200mg otc
Pingback: pulmicort otc
Pingback: pyridium 200mg uk
Pingback: reglan price
Pingback: remeron tablets
Pingback: retin-a cream 0.025% online pharmacy
Pingback: order revatio 20 mg
Pingback: where can i buy risperdal 2mg
Pingback: robaxin 500 mg medication
Pingback: rogaine prices
Pingback: seroquel 100mg tablet
Pingback: singulair usa
Pingback: skelaxin 400 mg pills
Pingback: spiriva 9 mcg price
Pingback: tenormin generic
Pingback: thorazine 100mg australia
Pingback: how to buy toprol 50mg
Pingback: tricor 200 mg medication
Pingback: valtrex without a prescription
Pingback: vantin 200 mg cheap
Pingback: how to purchase verapamil 40 mg
Pingback: voltaren cheap
Pingback: wellbutrin 150 mg without prescription
Pingback: zanaflex medication
Pingback: zestril otc
Pingback: Check Out Your URL
Pingback: zocor 40mg uk
Pingback: zovirax medication
Pingback: cheapest zyloprim 300 mg
Pingback: where to buy zyprexa 5 mg
Pingback: zyvox without a prescription
Pingback: sildenafil australia
Pingback: tadalafil 20mg pills
Pingback: buy furosemide
Pingback: where to buy escitalopram 20 mg
Pingback: how to buy aripiprazole
Pingback: cost of pioglitazone
Pingback: spironolactone pills
Pingback: fexofenadine australia
Pingback: glimepiride price
Pingback: meclizine 25mg generic
Pingback: leflunomide australia
Pingback: atomoxetine 18 mg price
Pingback: donepezil without a doctor prescription
Pingback: anastrozole otc
Pingback: irbesartan usa
Pingback: order dutasteride 0,5mg
Pingback: buspirone 5mg tablet
Pingback: clonidine 0.1mg no prescription
Pingback: cefuroxime 500mg without a prescription
Pingback: citalopram usa
Pingback: ciprofloxacin 250mg price
Pingback: loratadine uk
Pingback: clindamycin canada
Pingback: clozapine 50 mg cost
Pingback: prochlorperazine for sale
Pingback: carvedilol 12.5 mg otc
Pingback: warfarin over the counter
Pingback: rosuvastatin 10mg tablets
Pingback: desmopressin 10 mcg pills
Pingback: divalproex tablets
Pingback: trazodone tablet
Pingback: tolterodine 1mg tablets
Pingback: how to buy acetazolamide
Pingback: fluconazole 50 mg nz
Pingback: phenytoin generic
Pingback: oxybutynin purchase
Pingback: doxycycline pharmacy
Pingback: where to buy bisacodyl
Pingback: venlafaxine 75 mg no prescription
Pingback: amitriptyline 10 mg without a prescription
Pingback: permethrin cheap
Pingback: erythromycin 500mg usa
Pingback: estradiol 1 mg nz
Pingback: etodolac without a doctor prescription
Pingback: tamsulosin 0.4mg for sale
Pingback: fluticasone 50 mcg pills
Pingback: glipizide canada
Pingback: hydrochlorothiazide united states
Pingback: loperamide 2 mg usa
Pingback: azathioprine australia
Pingback: cost of propranolol
Pingback: indomethacin 25 mg cost
Pingback: cost of lamotrigine 200mg
Pingback: buy terbinafine
Pingback: levothyroxine mcg otc
Pingback: where to buy atorvastatin
Pingback: gemfibrozil 300mg cost
Pingback: metoprolol 100 mg australia
Pingback: When can I get pregnant after a boy period online levitra?
Pingback: What happens if you take antibiotics without infection stromectol price?
Pingback: How do you know your gut is unhealthy ivermectin tablets?
Pingback: How do you get tested for parasites ivermectin side effects in dogs?
Pingback: What is a prostate wash vardenafil reviews?
Pingback: Do sperms have brains vardenafil 20?
Pingback: What magazines Can I get free with Amazon Prime vardenafil dosage?
Pingback: What are the effects of chronic alcoholism on erectile function in young men generic levitra 20mg?
Pingback: What foods clean your prostate vardenafil for sale?
Pingback: Oral Immunotherapy - Revolutionizing Food Allergy Treatment order fildena generic?
Pingback: Medications and Digestive Health - Nurturing Gut Integrity, Promoting Well-being furosemide price?
Pingback: What is the role of community health workers in reducing healthcare disparities buy sildenafil dapoxetine online?
Pingback: Medications and Respiratory Health - Breathing Easy, Living Freely Cenforce 100 review?
Pingback: Advances in Allergy Testing and Immunotherapy Cenforce pills?
Pingback: Medications and Skin Care - Nurturing a Radiant Complexion buy cheap priligy online?
Pingback: Medications and Skin Protection - Shielding against Environmental Aggressors what is vidalista-20 reviews?
Pingback: fildena 100 mg online?
Pingback: buy stromectol 6mg online?
Pingback: Medications and Workplace Wellness - Enhancing Productivity and Health buy lasix online cheap?
Pingback: What is the connection between the gut microbiome and obesity management Azithromycin 250 mg tablets?
Pingback: Medications and Facial Rejuvenation - Enhancing Skin Vitality budesonide 32 mcg nasal spray?
Pingback: Medications and Healthy Living - Finding the Right Balance Cenforce 50mg canada?
Pingback: The Power of Mind-Body Medicine in Healing brand sildenafil?
Pingback: Medications and Eye Health - Preserving Vision for a Lifetime buy priligy 60 mg?
Pingback: Medications and Digestive Enzymes - Enhancing Nutrient Absorption kamagra gold 100mg?
Pingback: Elder Abuse Awareness - Protecting Vulnerable Seniors buy priligy online usa?
Pingback: Medications and Men's Health - Solutions for a Happier, Healthier Life z pack antibiotic for sinus infection?
Pingback: What is palliative care, and how does it enhance the quality of life for patients ventolin inhaler 90 mcg is for children?
Pingback: Medications and Chronic Sinusitis - Relieving Nasal Congestion otc medication?
Pingback: How can a woman make her body attractive stromectol dosage?
Pingback: How are food allergies and intolerances diagnosed, and what are the most effective management strategies on the counter medication?
Pingback: How many boners a day are normal order kamagra online?
Pingback: Can antibiotics be used in livestock buy metronidazole online no prescription?
Pingback: What is romantic topics to talk with boyfriend kamagra 100mg oral jelly?
Pingback: What are the 3 pillars of quality Cenforce 200 side effects?
Pingback: What does vitamin D3 do for a man Cenforce over the counter?
Pingback: What makes a guy like a woman kamagra review?
Pingback: What are top 3 challenges in quality assurances order fildena sale
Pingback: Can bacterial diseases be transmitted through contact with contaminated surfaces in amusement parks for hygiene ivermectin for humans
Pingback: What are the signs your partner is cheating generic for levitra
Pingback: What is comfort care vs hospice buy lasix 40mg
Pingback: Which kiss is best for boyfriend viagra pill for men price
Pingback: flagyl 400 tablet uses
Pingback: How do I ignore my boyfriend to teach him a lesson??
Pingback: What food makes a man arouse??
Pingback: What is the main cause of prostate problems??
Pingback: does priligy work - What are the features of good quality?
Pingback: buy priligy generic - Can erectile dysfunction be a symptom of prostate problems?
Pingback: cenforce 100mg
Pingback: buy flagyl
Pingback: plaquenil 400mg
Pingback: Azithromycin pills
Pingback: levitra buy
Pingback: levitra vs cialis
Pingback: buy sertraline
Pingback: androgel for women
Pingback: cenforce 100
Pingback: amoxil 500
Pingback: sildenafil viagra dose
Pingback: fildena super active reviews
Pingback: testosterone gel 1.62
Pingback: buy fildena 100mg online
Pingback: cialis together
Pingback: Cenforce 150 sildenafil citrate
Pingback: flagyl 400mg uses
Pingback: tadalista
Pingback: hydroxychloroquine plaquenil 200 mg
Pingback: proair hfa inhaler
Pingback: buy amoxicillin online
Pingback: hydroxychloroquine plaquenil 200 mg
Pingback: vilitra 40 60 mg tablet
Pingback: vidalista 40
Pingback: kamagra uk
Pingback: metronidazole tablets and alcohol
Pingback: Can antibiotics cause tendon damage buy plaquenil online?
Pingback: Does turmeric help with parasites hydroxychloroquine sulfate 200mg?
Pingback: Anonymous
Pingback: vidalista
Pingback: Cenforce cheap
Pingback: online levitra
Pingback: sildenafil citrate tablets Cenforce 100
Pingback: buy generic Cenforce 100mg
Pingback: can you take two 10mg cialis together
Pingback: nolvadex cost
Pingback: z pack 500 mg dosing for 5 days
Pingback: ventolin inhaler price
Pingback: advair diskus how to use
Pingback: cenforce d tablet
Pingback: cenforce 100 price
Pingback: cenforce 200 for sale
Pingback: order fildena 100mg
Pingback: proventil inhaler
Pingback: cenforce kopen belgie
Pingback: cenforce 200 tablets
Pingback: vidalista wat is dat
Pingback: Where to get Cheap clomid
Pingback: Cenforce
Pingback: sildenafil pill
Pingback: tadalafil use in women
Pingback: androgel for women
Pingback: cialis india
Pingback: over the counter levitra
Pingback: cenforce soft
Pingback: generic levitra online
Pingback: vidalista 80 paypal
Pingback: lasix 20
Pingback: Sildenafil over the counter
Pingback: vidalista 10 reviews
Pingback: cenforce online
Pingback: what is Sildenafil used for
Pingback: vidalista 60
Pingback: buy cenforce online
Pingback: cenforce 200mg price in india
Pingback: vidalista dose
Pingback: extra super p force 200mg
Pingback: can i take 200 mg of Sildenafil
Pingback: buy advair
Pingback: fildena oral
Pingback: iverkind 12mg
Pingback: vermact 12 mg tablet uses
Pingback: iverotaj 12mg
Pingback: stromectol 12mg
Pingback: stromectol pills
Pingback: stromectol price
Pingback: iverheal 3
Pingback: vermact 12 use
Pingback: iverwon
Pingback: cenforce 150 paypal
Pingback: cenforce
Pingback: cenforce 200
Pingback: where can i buy levitra
Pingback: tadalista 40
Pingback: fildena reddit
Pingback: fildena double 200
Pingback: vidalista 20 reviews
Pingback: vidalista 20 mg price in india
Pingback: vidalista 20
Pingback: qvar inhaler 200 mcg
Pingback: albuterol inhaler over the counter cvs
Pingback: vidalista 40 cena
Pingback: dapoxetine mexico
Pingback: covilife 12
Pingback: order Generic clomid
Pingback: priligy 60 mg fiyat 2022
Pingback: cenforce of viagra
Pingback: clomiphene citrate 50 mg for male
Pingback: compare prices kamagra
Pingback: cheapest antabuse
Pingback: cenforce d
Pingback: generic clomid
Pingback: buy clomid over the counter
Pingback: generic priligy india pharmacy
Pingback: ivermectine sandoz
Pingback: cost of rybelsus vs ozempic
Pingback: vilitra 20
Pingback: Cenforce 100 mg
Pingback: for what is motilium used
Pingback: what is vardenafil used for
Pingback: fildena 120
Pingback: cenforce 50
Pingback: imrotab
Pingback: iverguard
Pingback: vermact 12 tablet
Pingback: tab vermact 12
Pingback: cenforce 200 ook voor vrouwen
Pingback: malegra pro 100mg
Pingback: amox clav 875
Pingback: how to take levitra
Pingback: dapoxetine 60 mg online
Pingback: generic of hydroxychloroquine
Pingback: fildena 100 mg chewable
Pingback: letrozole package insert
Pingback: what are vidalista 20
Pingback: use of asthalin inhaler
Pingback: does vidalista work
Pingback: clomid 50mg for female
Pingback: vidalista online
Pingback: kamagra order online ezzz pharmacy
Pingback: cheap fildena
Pingback: buy vidalista 20mg
Pingback: vidalista 90
Pingback: fertomid uses and side effects
Pingback: asthalin hfa inhaler untuk apa
Pingback: cheap fildena 50mg
Pingback: vidalista 5mg
Pingback: super vidalista
Pingback: vidalista 40
Pingback: feldene tablets
Pingback: kamagra gold
Pingback: avanafil how many mg
Pingback: tadalafil 40 mg
Pingback: Nolvadex 10 mg side effects
Pingback: clindagel 1
Pingback: extra super p force 100mg
Pingback: keflex 250 mg