Advertisement
Canada markets open in 1 hour 20 minutes

  • S&P/TSX

    22,259.47
    +312.06 (+1.42%)
     

  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     

  • DOW

    38,852.27
    +176.59 (+0.46%)
     

  • CAD/USD

    0.7310
    -0.0011 (-0.15%)
     

  • CRUDE OIL

    78.25
    -0.23 (-0.29%)
     

  • Bitcoin CAD

    87,034.17
    -928.18 (-1.06%)
     

  • CMC Crypto 200

    1,316.65
    -48.47 (-3.55%)
     

  • GOLD FUTURES

    2,320.20
    -11.00 (-0.47%)
     

  • RUSSELL 2000

    2,060.67
    +24.95 (+1.23%)
     

  • 10-Yr Bond

    4.4890
    -0.0110 (-0.24%)
     

  • NASDAQ futures

    18,165.50
    -30.00 (-0.16%)
     

  • VOLATILITY

    13.56
    +0.07 (+0.52%)
     

  • FTSE

    8,298.92
    +85.43 (+1.04%)
     

  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     

  • CAD/EUR

    0.6786
    -0.0006 (-0.09%)
     

Axa and China's Alibaba enter into global partnership

Reuters
A logo of Alibaba Group is pictured at its headquarters in Hangzhou, Zhejiang province, China, October 14, 2015. REUTERS/Stringer/File photo (Reuters)

PARIS (Reuters) - AXA on Friday said it had forged a global partnership with Chinese e-commerce giant Alibaba and its Ant Financial Services unit to distribute the French insurance group's products and expand in China. "Thanks to Alibaba’s unrivaled knowledge of its home market, this partnership will also help us further accelerate our development in China, where we are already the number 1 international insurer," Thomas Buberl, deputy chief executive of Axa said in a statement. (Reporting by Astrid Wendlandt; editing by Richard Lough)