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.
Alipay shared its experience of how technology can solve real world problems with start-up entrepreneurs in Asia via a joint initiative with the National University of Singapore (NUS).
On Nov. 16, Alipay, the mobile and online payment platform Ant Financial, teamed up with NUS Enterprise, the entrepreneurial arm of the National University of Singapore, to launch a new initiative aimed to support digital technology innovation throughout Southeast Asia.
Union of European Football Association (UEFA) and Alipay announced in Shanghai their global partnerships on Nov. 9, for all UEFA national team football competitions from 2018 to 2026, including UEFA Euro 2020 and Euro 2024.
On Sept. 17, Ant Financial announced the company’s technological capabilities, growth strategy, and planned partnerships with financial institutions in hopes of creating long-lasting customer values, enhancing user experience, and establishing a strong growth momentum.
On Sept. 5, world-leading mobile and online payment platform Alipay announced the intention to collaborate with a wider range of local Japanese partners to build a cashless environment for tourists going to Japan.
Alipay, a third-party mobile and online payment platform, announced on August 20 that it has partnered with Global Tax Free (GTF), a tax refund agency, to launch the world’s first paperless mobile tax refund function in South Korea.
PayPal has been negotiating incessantly with Chinese regulators for the past four years to obtain a payment license to enter the large market, as The Paper reported on August 10.
In one month, Chinese Starbucks customers will no longer need to wait in line for their cup of coffee as the coffee giant forms new partnership with the Alibaba Group.
Ant Financial Services Group announced today that they have raised approximately $14 billion in the Series C equity financing round, including a RMB tranche raised from Chinese investors by Ant Financial and a USD tranche from international investors by Ant International.
Alibaba’s financial report for the past quarter (January 1 to March 31, 2018), and for the fiscal year of 2018 has just been published by Alibaba Group Holding Limited (NYSE: BABA) today.