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.
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.
The short-video company handed out five rounds of virtual “red envelopes” during the live broadcast, totaling a record-breaking 1 billion yuan ($144 million)
PayPal has completed its acquisition of a 70% equity stake in GoPay, making PayPal the first foreign payment platform to provide online payment services in China.
On November 27, 2019, Alipay and Finablr announced a global partnership to provide cross-border remittance services.
On November 27, Xpeng Motors announced that they have signed a deal with Alipay to jointly develop in-car payment functions.
WeChat Pay and Alipay have increased their utility for Chinese citizens by integrating with the country’s national healthcare system.
Tencent has cooperated with five international financial service companies to make it possible to tie overseas international credit cards to WeChat, thus allowing overseas users to utilize WeChat’s payment services.
Ant Financial has announced that their market leading payment platform is now available for all foreign users to pay in China.
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.