Chinese smartphone users have recently discovered a new function within Alipay, Ant Group's payment platform, allowing them to transfer funds to contacts on Tencent's WeChat app. Many netizens said that the function is not as simple as it sounds, and evaluation has been mixed.
The legal representative and chairman of Alipay (China) Network Technology Co., Ltd. has changed from Eric Jing, Ant Group’s chairman and CEO, to Ni Xingjun, Ant Group's CTO.
Tuya Smart, an IoT development platform, and Alipay, an online payment platform owned by Alibaba, held a launch event in Hangzhou on Tuesday, announcing a hotel-centered digital business district solution.
On Wednesday, Tianyancha revealed that a wholly-owned subsidiary by Ant Group was formerly established. The new subsidiary has been named Ant Suosuoshu (Hangzhou) Information Technology Co., Ltd.
Ant Group-backed e-payment solution MYbank recently announced that it would gradually stop asset transfers from Alipay to MYbank due to regulatory changes.
Recently, online payment platform Alipay launched a new function called “Game Lock”, which can help parents monitor their children's the game payments and game play duration.
Chinese third-party mobile and online payment platform Alipay released new data claiming that it has reduced the operating costs of small and medium-sized businesses by nearly 5 billion yuan in the past six months.
People’s Bank of China (PBoC) previously issued a notice, stipulating that personal payment reception QR codes cannot not be used for business, but can still be used normally for non-business scenarios.
On Wednesday, Alipay released a document entitled "Work Summary of Supporting Women's Football in China," which introduced the firm's investments and achievements in supporting women's football in recent years.
A new delegated investment product, "Jinxuan Investment," launched by Alipay and other six institutions on January 4 this year, has been suspended.
Ant Group's mutual aid health-care platform Xianghubao will cease operations from January 18, 2022, following similar moves by other internet giants, including Meituan and Waterdrop Inc.
Alipay announced on its official WeChat account on Thursday that the company and China UnionPay now recognized each other's collection code across China.
The personal money reception codes on electronic payment platforms will be gradually limited from use in business operations in China.
Recently, some Chinese netizens have found that "Jiebei" within the Alipay app is now "Credit Loan," showing that the services are now explicitly provided by banks.
Recently, a number of users of Huabei, a consumer credit product of Alipay, reported that they have received an upgrade prompt which requires users to agree to allow the company to access their financial credit information.
According to the latest PBoC report on the overall operation of payment systems during the second quarter of 2021, the number of automatic teller machines (ATMs) in the country has fallen below one million.
Ant Forest, a green and low-carbon afforestation program launched by China's top e-payment app Alipay in 2016, has become popular all over the country.
Ant Group, a Chinese Internet financial unicorn, released the latest information on an adjustment of its management team on Thursday.
After being removed from app stores, Chinese ride hailing giant Didi had its mini program pulled from WeChat and Alipay's platforms.
Huawei gained a mobile payment license after purchasing full control of Sharelink Network Co., a licensed digital payment firm.