Ant Financial, the Chinese payments giant, is in talks to lead a $600 million funding round in India’s leading food delivery app Zomato, people familiar with the matter told the Economic Times.
Alibaba unveiled its first AI inference chip on September 25 at Alibaba Cloud’s annual flagship Apsara Computing Conference.
At Alibaba’s 2019 Investor Day held on September 24, Eric Jing, Ant Financial’s Chairman and CEO, delivered a speech highlighting the company’s recent progress.
Chinese tech giant Tencent is incubating a financial credit product named Fenfu, which functions similarly to a credit card, and is expected to become available through the company’s instant messaging app WeChat.
Chinese multi-purpose messaging app WeChat introduced a new payment device on August 27 named the “Frog Pro” at the Chongqing Smart China Expo in an effort to upgrade its offline payments.
On August 20, Apple officially released a credit card under its own brand in the US. The minimalist white titanium card backed by Goldman Sachs was met with mixed emotions by professionals and casual Apple fans alike.
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.