The blockchain ecosystem in China is taking shape, with great increases in the number of enterprises and diversified applications according to China’s Ministry of Industry and Information Technology (MIIT).
In the first half of 2018, China’s fin-tech enterprises raised around 230 billion yuan ($35 billion), over 80 percent of the global total, and three giants took more than half of the amount fundraised in China.
JD Finance announced on July 12 the details of their upcoming Series B fundraising round. The financial spin-off of the e-commerce platform JD.com Inc. will raise 13 billion yuan ($1.95 billion) at a post-money valuation of 133 billion yuan by the end of this quarter.
What do you call a unicorn worth more than $100 billion? A centacorn, of course! This week on TechBuzz China by Pandaily, co-hosts Ying-Ying Lu and Rui Ma discuss a newly minted centacorn – Ant Financial.
Alibaba has co-launched the world’s first blockchain cross-border remittance service on June 25.
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.
Mary Meeker published the 23rd edition of the annual “Internet Trends Report” on May 31, predicting that China and US will both lead the world’s AI technology in five years.
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.
On May 3rd, Alipay announced the addition of two new money market funds to Yu’e Bao, the idle funds management platform within the Alipay app with the world’s largest money market fund.
The leading mobile financial services provider of Bangladesh, bKash Limited and Ant Financial Services Group, operator of Alipay, announced a strategic partnership on April 26 to promote financial inclusion for the unbanked and underbanked communities in Bangladesh.
In April, Pandaily went to Ordos, China with Ant Forest and its users, to participate in a green movement involving 300 million people — Ant Forest. Ant Forest is a special feature of Alipay, a payment app and platform under Ant Financial, that was created as a social corporate responsibility (SCR) project.
On April 25, 2018, Ant Financial launched the 2018 ATEC AI Competition in Hangzhou, China. As a renowned financial service group in China, the company has partnered with Chinese and international universities including the University of California, Berkeley and Imperial College London, to put forward discussions and explorations of AI-related financial solutions.
On April 18th, The International Fund for Agricultural Development (IFAD) and Ant Financial Services Group signed a Joint Declaration of Intent to explore ways to contribute to economic development in rural areas and to reduce rural poverty in China and other developing countries.
Ant Financial Services Group announced today that Lucy Peng will be stepping down from her role as Executive Chairman of Ant Financial to focus on her new role.
On April 2, Alibaba Group joined hands with Ant Financial in conducting the buyout of Ele.me at $9.5 billion. The Vice President of Alibaba Group Wang Lei will serve as the CEO of Ele.me, and there will be no differentiation between the teams of the two companies.