Betaville

Chinese said to be in talks with Wirecard about purchasing a 25pc stake; could make a move on the whole company - part 3

I have a little update on the Wirecard story I wrote about a few weeks ago.

Regular readers will be well aware that about a month ago I broke a story about how Wirecard is/was in talks with a mystery Chinese investor, thought to be China Mobile, about purchasing a 25pc stake in Wirecard or, possibly, the entire company.

And a couple of weeks ago weekend a German newspaper Bild am Sonntag reported that Alipay, a subsidiary of Jack Ma's Alibaba, is in negotiations with Wirecard about buying a 25pc stake in Wirecard...