There are some world-renowned third-party payment platforms in the United States, such as Google pay, Apple pay, Amazon pay, etc., but the most widely used in the world is paypal. . In 2019, “Baby” has 290 million active users in 202 economies around the world, and can pay online in 25 currencies. “Baby” landed in China in July 2017.
Baby was founded in December 1998 and is a constituent of the Nasdaq 100, S&p 100 and S&p 500. In 2018, “Baby” had a turnover of US$15.45 billion, operating income of US$2.2 billion, after-tax net income of US$2.01 billion, and net assets of US$15.39 billion.
“Baby” went public in 2002 with a stock issue price of $13 per share, raising a total of $61 million. On October 3, 2002, e-commerce giant eBay acquired “Baby” at $23 per share, 77% higher than the issue price. Soon, a large number of online shopping small business online payment processing choose to pay with Baby, and 70% of the transactions on eBay are transferred through Baby.
In 2007, “Baby” established a payment partnership with the MasterCard credit card company, and in that year, “Baby”‘s annual operating income reached 1.8 billion US dollars. “Baby” was also listed on Fortune’s “2008 Top 500 American Companies” list, ranking 222nd.
“Baby” covers almost all fields of electronic payment, not only online payment, offline payment, whether online or not, electronic transfer. By the end of 2012, “Baby” realized a total payment of 145 billion US dollars.
On July 18, 2015, “Baby” was spun off from Yibei and became an independent listed company.
On May 17, 2018, “Baby” acquired iZettle, a Swedish mobile payment platform founded in 2010, for $2.2 billion.
On November 20, 2019, “Baby” acquired Honey, an American e-commerce service company founded in 2012, for US$4 billion, which is the largest acquisition of “Baby” so far. Honey is a service provider that allows consumers to find the most affordable online items online.