
Alipay Launches Initiatives To Support Wuhan Businesses As City Comes Out of Lockdown
Alibaba’s online payment platform Alipay today announced a series of initiatives to support small businesses in Wuhan as the city emerges from lockdown.
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Alibaba’s online payment platform Alipay today announced a series of initiatives to support small businesses in Wuhan as the city emerges from lockdown.
PingPong, a global provider of digital services for cross-border trade, has entered into a direct partnership with JCB, one of the six major international card issuing organizations.
Tencent's versatile social media platform WeChat has recently launched a new mini-program enabling palm print payment, giving users yet another way to settle transactions in addition to passwords, fingerprints and facial recognition.
Ant Group announced to spin off a self-developed database service OceanBase, aspiring to serve more of its partners.
On March 28, Tencent's flagship app WeChat announced a series of new plans for various sections including video accounts, payment, mini programs, search services and WeCom at its annual event promoting new functions and strategies.
Last week, five newly-launched mutual funds consisting of strategically allocated shares from Ant Group’s upcoming initial public offering.
Information released on July 15 by the Business Administration Department of the People's Bank of China (Beijing) showed that Didi Pay has been formally warned for 12 kinds of illegal acts and fined 4.27 million yuan ($632,349).
Fintech platform Airwallex on October 11 announced that it has recently closed E2 Series financing, garnering $100 million. Its total funding amount increased to more than $900 million, with the same $5.5 billion valuation.
China's Tencent and several other investors committed an additional investment of $120 million to the digital financial services company Voyager Innovations.
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.
Tencent’s social app WeChat had launched a mini program called "Tencent e-CNY Wallet", though the program is still in the process of A/B Testing.
China's state-owned bank has carried out an internal and hypothetical-use pilot of China's central bank digital currency in four Chinese cities.