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Alibaba Surges on 6-unit Split Plan, Apple Enters BNPL

Alibaba is shaking things up with a bold move ! They’re splitting their enterprise into six distinct units. It’s a big gamble, but so far, the market seems to be eating it up as their shares soar.ย 

Meanwhile, in the world of tech, Apple is making waves of their own with the launch of BNPL services. It’s a smart move in a world where buy-now-pay-later seems to be the name of the game.

Both companies are daring to dream big and it will be fascinating to see where these bold moves take them.

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Alibaba Company Split – The Bigger Picture

The stock price of Alibaba Group Holding Ltd. (BABA) soared yesterday as the company unveiled a masterful plan to divide itself into six separate business segments. Word on the street is this bold restructuring move could result in multiple initial public offerings.

This news is certainly shaking things up in the world of finance and investors are eagerly waiting to see how it all plays out.

These new divisions, including cloud, e-commerce, and digital mapping, will be led by separate executives and boards of directors. Most segments will also have the opportunity to go public for the first time.

Current CEO Daniel Zhang will continue to run the overall holding company, but the new structure is meant to improve decision-making and adapt to shifting markets. This news has caused a 14% surge in Alibaba’s U.S.-listed shares, reaching an impressive $99.51.

Jack Ma Returns

After a year-long exile, Jack Ma, the founder of Alibaba, has returned to China. This comes at a time when the Chinese government is cracking down on tech monopolies, causing Ant Financial’s planned IPO to be put on hold. 

However, Ma’s return has given rise to speculation that these tech crackdowns may be winding down. As for Alibaba, their shares have suffered since the failure of the Ant deal, dropping from an all-time high of almost $319 in November 2020.

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Apple Announces Buy Now Pay Later Services

Apple has something juicy in store for its customers: the launch of Apple Pay Later! This innovative service is Apple’s answer to the popular buy now, pay later trend. Excitingly, users can apply for Pay Later loans ranging from $50 to $1,000. 

What’s even more impressive is that these loans can be paid back over a period of six weeks through four easy payments, sans any pesky interest or fees. 

This service allows you to skip the burden of paying the entire cost of a product at once. The idea was initially unveiled during WWDC last year and has been a long-awaited feature for Apple customers.

However, it’s important to note that payment history may be reported to credit bureaus, potentially affecting credit ratings. Once approved, Pay Later is available at online checkout on iPhones and iPads. Users can also manage their loans easily through the Wallet app and receive payment notifications.

Unfortunately, not everyone is invited to this shin-dig. And even then, it’s only available in the US for online and in-app purchases on iOS 16.4 and iPadOS 16.4. 

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Zip Shares (ASX: ZIP) and Affirms Holdings Inc. (NASDAQ: AFRM)  Shares Drop  Impact On Competition?

The Zip Co Ltd’s (ASX: ZIP) share price is experiencing a downward slide as Australian investors respond to the recent launch of Apple Inc’s (NASDAQ: AAPL) buy now, pay later (BNPL) service.

This news has sent shockwaves through the industry and Zip’s NASDAQ-listed competitor, Affirm, saw a 7% drop in their stock value following the big reveal. With this major development looming over the BNPL market, it’s clear that companies will need to adapt and innovate to stay ahead.

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About Author

Phyllis Wangui

Author

  • Phyllis Wangui

    Phyllis Wangui is a Financial Analyst and News Editor with qualifications in accounting and economics. She has over 20 years of banking and accounting experience, during which she has gained extensive knowledge of the forex, stock news, stock market, forex analysis, cryptos and foreign exchange industries. Phyllis is an avid commentator on these topics and loves to share her insights with others through financial publications and social media platforms.