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.
A coalition of four Chinese regulatory bodies released guidelines this week that will establish more restrictions on the collection of individual user data by digital service providers.
Ant Group CEO Simon (Xiaoming) Hu on Friday evening announced that he would be stepping down from his role at the firm, after an internal email was obtained by domestic media outlet 36Kr.
China’s central bank on Wednesday released a set of proposed guidelines to step up antitrust measures in the country’s booming online payments sector.
On Jan. 5, U.S. President Donald Trump signed an executive order to ban U.S. transactions with eight widely-used Chinese software applications, including Ant Group’s Alipay and Tencent’s QQ and WeChat Pay.
Meituan is facing an anti-monopoly investigation for abusing its dominant position as the government steps up scrutiny of the country’s biggest tech companies.
JD Digits, Lufax, Baidu and many Chinese fintech giants have removed their interest-bearing online time deposit products after Alipay pulled its internet deposit product on Dec. 18.
The popularity of smartphones has seen the unprecedented growth of mobile applications. Here we’ve rounded up the most popular free iPhone apps in China.
Alibaba Group Holding Ltd. said on Monday it will invest about $3.6 billion to increase its stake in Sun Art Retail Group Ltd., one of China’s largest supermarket operators.
Chinese fintech giant Ant Group has won approval from China’s securities regulator for its initial public offering in Hong Kong.
More Chinese people are buying financial and investment products and the proportion of adults using electronic payments is increasing, a report showed on Thursday.
Last week, five newly-launched mutual funds consisting of strategically allocated shares from Ant Group’s upcoming initial public offering.
Ant Group is sending a signal to China’s traditional finance industry: with access to financial licenses, tech companies can bite.
Chinese food delivery and rating platform Meituan Dianping has recently removed Alibaba’s online payment platform Alipay in its app, Tech Planet reported Wednesday.
Ant Group announced to spin off a self-developed database service OceanBase, aspiring to serve more of its partners.
WeChat has officially rolled out a personal credit rating system to determine the trustworthiness of users.