Alipay

Alipay is a third-party mobile and online payment platform, established in Hangzhou, China in February 2004 by Alibaba Group and its founder Jack Ma. In 2015, Alipay moved its headquarters to Pudong, Shanghai, although its parent company Ant Financial remains Hangzhou-based.

Source: en.wikipedia.org

China Holds Up Ant Group As Warning To Other Payment Firms
China Holds Up Ant Group As Warning To Other Payment Firms
July 08, 2021  |  ANTITRUST

The People’s Bank of China is warning big technology companies in the country that they will be subject to the same antitrust scrutiny and measures...

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Didi’s Domestic Tiff Causes Ripple Effects From Wall Street To Chinese Super Apps
Didi’s Domestic Tiff Causes Ripple Effects From Wall Street To Chinese Super Apps
July 07, 2021  |  International

In China, the rise of the super app may face headwinds. Or think of it this way: If a super app is a chain of...

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China Forces Removal Of Didi From WeChat And Alipay Apps
China Forces Removal Of Didi From WeChat And Alipay Apps
July 07, 2021  |  Ridesharing

Chinese regulators forced Tencent’s WeChat messaging service and Ant Group’s Alipay to remove Didi from its app interface and rendered Didi no longer searchable in...

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Today In Payments: Ant Group Expands Digital Yuan Trial; Kabbage, FinTechs Reportedly Under DOJ Scrutiny Over PPP Loans
Today In Payments: Ant Group Expands Digital Yuan Trial; Kabbage, FinTechs Reportedly Under DOJ Scrutiny...
May 10, 2021  |  News

In today’s top news, China’s digital yuan trials have been expanded to Alipay users, and the U.S. Department of Justice is investigating how several FinTechs, such as...

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China’s Central Bank: Digital Yuan Won’t Replace Alipay, WeChat Pay
China’s Central Bank: Digital Yuan Won’t Replace Alipay, WeChat Pay
March 25, 2021  |  Digital Payments

China’s central bank said that its planned digital yuan will not displace the payment services of the country’s big FinTech companies, including Ant Group’s Alipay...

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Ant Group Looks To Boost Valuation By Upping Alipay Commissions
Ant Group Looks To Boost Valuation By Upping Alipay Commissions
March 25, 2021  |  International

Several Chinese bankers have agreed to let Alipay, Ant Group’s finance arm and the biggest payments processor in China, take a larger percentage of fees...

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Today In Payments: Albertsons Laying Off Union Drivers In DoorDash Pivot; PayPal Joins Divvy’s $165 Million Funding Round
Today In Payments: Albertsons Laying Off Union Drivers In DoorDash Pivot; PayPal Joins Divvy’s $165...
January 06, 2021  |  News

In today’s top news, Albertsons is laying off some of its unionized drivers as it teams with DoorDash, and FinTech Divvy raised $165 million. Plus,...

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Trump Executive Order On WeChat, Alipay And Others Catch Consumers In The Middle
Trump Executive Order On WeChat, Alipay And Others Catch Consumers In The Middle
January 06, 2021  |  International

Call it the latest salvo amid tensions between China and the United States that may heat up. With the consumer in focus. To that end,...

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Trump Executive Order Bans Transactions With Alipay, 7 Other Chinese Companies
Trump Executive Order Bans Transactions With Alipay, 7 Other Chinese Companies
January 05, 2021  |  Regulation

President Donald Trump has banned transactions with eight Chinese software applications, including Ant Group‘s Alipay, which will escalate tensions with Beijing as he prepares to...

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