China’s central bank on Wednesday released a set of proposed guidelines to step up antitrust measures in the country’s booming online payments sector.
On Jan. 5, U.S. President Donald Trump signed an executive order to ban U.S. transactions with eight widely-used Chinese software applications, including Ant Group’s Alipay and Tencent’s QQ and WeChat Pay.
Meituan is facing an anti-monopoly investigation for abusing its dominant position as the government steps up scrutiny of the country’s biggest tech companies.
JD Digits, Lufax, Baidu and many Chinese fintech giants have removed their interest-bearing online time deposit products after Alipay pulled its internet deposit product on Dec. 18.
The popularity of smartphones has seen the unprecedented growth of mobile applications. Here we’ve rounded up the most popular free iPhone apps in China.
Alibaba Group Holding Ltd. said on Monday it will invest about $3.6 billion to increase its stake in Sun Art Retail Group Ltd., one of China’s largest supermarket operators.
Chinese fintech giant Ant Group has won approval from China’s securities regulator for its initial public offering in Hong Kong.
More Chinese people are buying financial and investment products and the proportion of adults using electronic payments is increasing, a report showed on Thursday.
Last week, five newly-launched mutual funds consisting of strategically allocated shares from Ant Group’s upcoming initial public offering.
Ant Group is sending a signal to China’s traditional finance industry: with access to financial licenses, tech companies can bite.
Chinese food delivery and rating platform Meituan Dianping has recently removed Alibaba’s online payment platform Alipay in its app, Tech Planet reported Wednesday.
Ant Group announced to spin off a self-developed database service OceanBase, aspiring to serve more of its partners.
WeChat has officially rolled out a personal credit rating system to determine the trustworthiness of users.
Alipay has recently carried out a round of internal organization restructure where the search business is now an independent business division headed by Yuan Huaibin.
Alibaba’s online payment platform Alipay today announced a series of initiatives to support small businesses in Wuhan as the city emerges from lockdown.