US Stock Market Move | Stripe is rumored to halt its acquisition plans, and PayPal (PYPL.US) has fallen over 11%.

22:03 28/08/2026

On Friday, PayPal (PYPL.US) opened around 14% lower, and as of this writing, the decline has narrowed to 11.4%, priced at $54.53.

On Friday, PayPal (PYPL.US) opened about 14% lower with a gap down; as of the time of publication, the decline has narrowed to 11.4%, trading at $54.53. According to reports from the media citing informed sources, the private equity firm Advent International and the digital payment giant Stripe have officially abandoned their bid to acquire PayPal. The consortium had previously offered $60.50 per share, totaling approximately $53 billion, but the PayPal board rejected the proposal on the grounds that the valuation was insufficient. Compared to PayPal's historical peak valuation of around $360 billion during the online payment boom in 2021 amid the global COVID-19 pandemic, this offer represents only a small fraction of that amount.

HK Stock Market Move | Guangdong Dtech Technology (01377) surged over 8%. The company's high-margin AI drilling needles are seeing an increased proportion, driven by Rubin, leading to both the volume and price of drilling needles rising together, which is expected to accelerate realization.

Jiufang Lingxi launched on the Alibaba Qianwen APP, further expanding the AI ecosystem of Jiufang Zhito (09636).

HK Stock Market Move | SG Micro Corp (03661) surged nearly 5%, with Q2 performance reaching a quarterly high and rapid growth in optical module revenue.

Jiufang Lingxi launched on the Alibaba Qianwen APP, further expanding the AI ecosystem of Jiufang Zhito (09636).

HK Stock Market Move | SG Micro Corp (03661) surged nearly 5%, with Q2 performance reaching a quarterly high and rapid growth in optical module revenue.