Alipay

Chinese fintech giant Ant Group expands overseas payment service Alipay+ to serve visa-free, Lunar New Year travellers

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Chinese fintech giant Ant Group expands overseas payment service Alipay+ to serve visa-free, Lunar New Year travellers

Ant Group, an affiliate of e-commerce giant Alibaba Group Holding, is boosting its operations throughout Asia, as the Chinese fintech major seeks to capitalise on the country’s visa-free policy and an anticipated Lunar New Year travel boom. Ant recently expanded the availability of Alipay+, its cross-border mobile payment service, across Asia and in parts of … Read more

Chinese fintech giant Ant Group gets approval for no-controller status, ending Jack Ma’s reign before seeking IPO

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Chinese fintech giant Ant Group gets approval for no-controller status, ending Jack Ma’s reign before seeking IPO

China’s central bank has agreed that Ant Group’s mobile payment app Alipay has no controller, a crucial step in the fintech giant’s overhaul deemed necessary to put its much-anticipated initial public offering back on track. The billionaire’s share of the voting rights are now divided among Hangzhou Junhan Equity Investment – owned by Ma and … Read more