Alibaba Group announced its financial results for the first quarter of the 2020 fiscal year ended June 30, 2019. The Chinese tech behemoth had a strong quarter across the board, beating estimates on revenue and earnings despite the uncertain market conditions due to the US-China trade tensions.
The tech industry is used to clashes between corporate rivals. Major conflicts between corporate titans usually result in the emergence of a victorious monopoly like Google, or Facebook.
On July 5, Alipay announced an initiative to support the long-term development of women’s football in China, planning to allocate RMB 1 billion over the next decade.
Not only do the Chinese hold QR codes dear to their hearts, but they are also pretty successful at convincing the rest of the world that their new-found love is not just a one-time fling. It’s meaningful, reasonable and is going to last.
Alipay released its second sustainability report on May 20 in Beijing. The report is titled “Moving towards a better society for the future”, and lists the company’s initiatives and achievements from 2017 and 2018 that had positive social impacts.
Whether you are a traveler or expat in China, there are a few apps you’ll need to get to enhance your experience in China. We’ve compiled a list of 10 apps you must download before going to China.
Alipay, a payment and lifestyle platform by Ant Financial, has connected more than 300,000 Japanese merchants as of early 2019, a 500 percent increase compared with last year.
Alipay, the world’s leading payment platform, today announced a new agreement with Barclaycard, a multinational credit card and payment services provider that processes nearly half of the UK’s credit and debit card transactions.
Office Depot, the well-known American office supplies retailer, is joining forces with China’s Alibaba Group. Alibaba.com will create a new online destination to access the business’s network and serve the needs of small and medium businesses (SMBs) in the United States.
In episode 38 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma dive into this year’s Battle of the Red Packets. The name refers to the custom of money-giving, which is an important part of the Chinese New Year experience.
When shopping in China there’s no need to bring your wallet, most people use their phones to pay, regardless of if you are buying a piece of gum or a new car.
More and more Chinese chose spend their Spring Festival holiday traveling. The number of people who enjoyed the week-long holiday break overseas grew by 28 percent, according to Alibaba.
On Jan. 31, Alibaba Group announced its financial results for the quarter ended on December 31, 2018. For the past quarter, Alibaba has achieved a revenue of $17,057 million, with a 41 percent year-on-year growth.
Telenor Microfinance Bank, the Pakistan-based subsidiary of telecommunications giant Telenor, introduced Pakistan’s first blockchain-based cross-border remittance service between Pakistan and Malaysia.