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 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.