China's Alipay could take stake in Germany's Wirecard, unclear whether this is a rumour or not, but could be a very interesting move!
Wirecard AG (WDIG.DE) is negotiating with representatives of Alipay, a unit of Chinese e-commerce giant Alibaba (BABA.N), about it taking a stake of up to 25 percent in the German banking software company, a newspaper reported on Sunday. Without citing its sources, the Bild am Sonntag weekly said Wirecard was in confidential talks with Alipay about it taking a stake of up to 25 percent, and possibly more later. A Wirecard spokeswoman declined to comment on the specifics of the report but confirmed that the company was in strategic talks with various partners, without elaborating. A source familiar with the matter said Ant Financial, which operates the Alipay platform, was not talking to Wirecard about an investment. ADVERTISEMENT
