On Oct. 15, it was reported that Ant Financial, the financial arm of Alibaba Group made a $210 million of strategic investment in the Indian delivery startup Zomato.
With a fortune of 95 billion RMB ($14 billion), 38-year-old Colin Huang, founder of the e-commerce giant Pinduoduo, ranked 13th on the Hurun China List 2018 released on Oct. 10.
China Renaissance Holdings Ltd. officially listed on the Main Board of the Hong Kong Stock Exchange at 9:30 a.m. on Sept. 27, under the ticker 1911.HK. This marks the emergence of world-class Chinese investment banks, as reported by Chinese media.
On Sept. 17, Ant Financial announced the company’s technological capabilities, growth strategy, and planned partnerships with financial institutions in hopes of creating long-lasting customer values, enhancing user experience, and establishing a strong growth momentum.
Alibaba Group, the largest e-commerce platform in China, has announced on Sept. 10 that chief executive officer Daniel Zhang will succeed Jack Ma as chairman of the board, effective one year from now.
On Sept. 5, world-leading mobile and online payment platform Alipay announced the intention to collaborate with a wider range of local Japanese partners to build a cashless environment for tourists going to Japan.
Malaysian Prime Minister Mahathir Mohamad started his closely watched China tour on August 17th and visited Alibaba the next day on his first official trip to China.
Alipay, a third-party mobile and online payment platform, announced on August 20 that it has partnered with Global Tax Free (GTF), a tax refund agency, to launch the world’s first paperless mobile tax refund function in South Korea.
The blockchain ecosystem in China is taking shape, with great increases in the number of enterprises and diversified applications according to China’s Ministry of Industry and Information Technology (MIIT).
In the first half of 2018, China’s fin-tech enterprises raised around 230 billion yuan ($35 billion), over 80 percent of the global total, and three giants took more than half of the amount fundraised in China.
JD Finance announced on July 12 the details of their upcoming Series B fundraising round. The financial spin-off of the e-commerce platform JD.com Inc. will raise 13 billion yuan ($1.95 billion) at a post-money valuation of 133 billion yuan by the end of this quarter.
What do you call a unicorn worth more than $100 billion? A centacorn, of course! This week on TechBuzz China by Pandaily, co-hosts Ying-Ying Lu and Rui Ma discuss a newly minted centacorn – Ant Financial.
Alibaba has co-launched the world’s first blockchain cross-border remittance service on June 25.
Ant Financial Services Group announced today that they have raised approximately $14 billion in the Series C equity financing round, including a RMB tranche raised from Chinese investors by Ant Financial and a USD tranche from international investors by Ant International.
Mary Meeker published the 23rd edition of the annual “Internet Trends Report” on May 31, predicting that China and US will both lead the world’s AI technology in five years.
Alibaba‘s financial report for the past quarter (January 1 to March 31, 2018), and for the fiscal year of 2018 has just been published by Alibaba Group Holding Limited (NYSE: BABA) today.
On May 3rd, Alipay announced the addition of two new money market funds to Yu’e Bao, the idle funds management platform within the Alipay app with the world’s largest money market fund.
The leading mobile financial services provider of Bangladesh, bKash Limited and Ant Financial Services Group, operator of Alipay, announced a strategic partnership on April 26 to promote financial inclusion for the unbanked and underbanked communities in Bangladesh.
In April, Pandaily went to Ordos, China with Ant Forest and its users, to participate in a green movement involving 300 million people — Ant Forest. Ant Forest is a special feature of Alipay, a payment app and platform under Ant Financial, that was created as a social corporate responsibility (SCR) project.
On April 25, 2018, Ant Financial launched the 2018 ATEC AI Competition in Hangzhou, China. As a renowned financial service group in China, the company has partnered with Chinese and international universities including the University of California, Berkeley and Imperial College London, to put forward discussions and explorations of AI-related financial solutions.