China’s Alibaba to Buy $550 Million Stake in India’s One97 Communications

Good news for US shareholders owning shares of Alibaba. The Chinese-based company is expanding its operations into other countries with a large online payment markets. According to Reuters, China’s Alibaba Group Holding Ltd and its unit Alipay are in advanced talks to buy a stake for about $550 million in India’s One97 Communications, which owns an online payment platform, sources directly involved in the transaction said. Read the full story.

How MONEY Selected the 50 Best Mutual Funds and ETFs

Learn how Time Inc.’s (TIME) MONEY editors selected the 50 best mutual and exchange-traded funds for their MONEY 50 list, a selection of the world’s best mutual and exchange-traded funds. According to TIME, they looked at long-term performances and a variety of other factors rather than just choosing the “top-performing” or “hottest” funds. Read the full story.

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