Ant Group announced to spin off a self-developed database service OceanBase, aspiring to serve more of its partners.
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.
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.
China's Tencent and several other investors committed an additional investment of $120 million to the digital financial services company Voyager Innovations.
Alibaba’s online payment platform Alipay today announced a series of initiatives to support small businesses in Wuhan as the city emerges from lockdown.