Ant Financial Archives - Inside Retail Asia
Payment and lifestyle platform Alipay intends to support 10 million small and medium enterprises in Europe over the next five years with technology to empower them to reach more than 2 billion potential consumers.
Opening the way for Chinese to use Alipay at Mall of Asia stores is aimed at attracting more tourists to the mall – as well as the increasing locally based Chinese population.
AlipayHK has marked its first year claiming 2 million users and 50,000 merchants have signed up to its cashless payment services.
Alibaba subsidiary Ant Financial says it plans to buy UK-headquartered money-transfer company WorldFirst.
Alibaba’s Alipay payments outside Mainland China has skyrocketed during the country’s holiday season.
Apple China will accept Alipay in its stores – the first third-party mobile payment system to be accepted at any Apple stores globally.
Alibaba’s Hema supermarket says it will open three stores in the Chinese city of Xian by the end of this year.
Alibaba Group is reportedly leading a US$1 billion investment round in Chinese mainland food delivery service Ele.me.
Alipay is set to expand in Southeast Asia through a merger of parent Ant Financial Services and HelloPay.
Alibaba plans to form independent R&D teams to build up core technologies to support up to 2 billion people in the future.
A strategic partnership with Bailian Group expands Alibaba’s offline retail business.
Yum China, which becomes independent at the end of this month, says it can triple its number of restaurants.