As China encourages people to return to work despite potential fears associated with the coronavirus outbreak, a QR code craze has once again taken over the country.
Simon Hu, CEO of Ant Financial, Alipay’s rebranded parent company, announced that Alipay plans to upgrade from merely a financial service platform to a digital life service platform within the next three years.
Ant Financial announced the launch of the INCLUSION Fintech Conference, an event that aims to bring together the global financial and technology community.
Ant Financial has responded to rumors of dual listing IPO of both A-shares and H-shares, saying there is no plan or timetable for an IPO.
Alibaba’s financial services spin-off, Ant Financial, is said to have acquired a sizable stake in Vietnamese e-wallet eMonkey, according to Reuters.
On November 27, 2019, Alipay and Finablr announced a global partnership to provide cross-border remittance services.
Alibaba Group’s financial services affiliate Ant Financial is preparing to raise $1 billion for a fund that will invest in fintech startups in Southeast Asia and India.