Ant Group

Baidu, Alibaba, Tencent execs among Big Tech members on new China AI standards committee

by
Baidu, Alibaba, Tencent execs among Big Tech members on new China AI standards committee

China’s Ministry of Industry and Information Technology (MIIT) on Friday announced the establishment of an “artificial intelligence (AI) standardisation technology committee” that includes executives from tech giants Baidu, Alibaba Group Holding, Tencent Holdings and Huawei Technologies. The committee will be responsible for “making and revising” standards for different AI vertical markets, including assessment and testing, … Read more

Chinese fund touts offshore crypto exposure in Alipay ad amid bitcoin boom

by
Chinese fund touts offshore crypto exposure in Alipay ad amid bitcoin boom

A Chinese fund manager has touted its fund’s cryptocurrency exposure in an effort to draw investors amid a historic bitcoin boom, even as Beijing maintains a hostile stance towards the digital assets. A fund advertisement that read “Cryptocurrencies soaring, start investing with 10 yuan” was spotted on Alipay, Chinese fintech giant Ant Group’s mobile wallet … Read more

Jack Ma makes rare speech at Ant Group’s 20th anniversary, predicts AI-driven future

by
Jack Ma makes rare speech at Ant Group’s 20th anniversary, predicts AI-driven future

Jack Ma, the founder of Alibaba Group Holding, gave a rare public speech at the 20th anniversary of the company’s fintech affiliate Ant Group, saying he had faith in the “next 20 years of Ant” and expects “more miracles”, according to Chinese media reports and people who were there. Ma’s attendance at the evening event … Read more

Ant International reports growth after March spin-off as cross-border payments surge

by
Ant International reports growth after March spin-off as cross-border payments surge

Ant International reported a robust growth across its core business segments following a spin-off in March as its mainstay cross-border mobile payment platform Alipay+ connects more consumers and merchants worldwide. The Singapore-based overseas unit of Ant Group said its four business pillars – Alipay+, Antom, WorldFirst and Embedded Finance – have delivered strong performance over … Read more

Alibaba to sponsor Lunar Year Spring Festival Gala to reach China’s thrifty consumers

by
Alibaba to sponsor Lunar Year Spring Festival Gala to reach China’s thrifty consumers

Alibaba Group Holding has won the sponsorship for the 2025 Spring Festival Gala show, China’s most-watched event of the year, as the e-commerce giant reaches out to consumers to regain growth momentum. The Hangzhou-based company signed a deal with China Media Group (CMG), which owns state broadcaster China Central Television, to be the “exclusive e-commerce … Read more

Wuzhen Summit: China creates AI advisory body, with Alibaba Cloud founder as chief expert

by
Wuzhen Summit: China creates AI advisory body, with Alibaba Cloud founder as chief expert

China has created a new specialist committee on artificial intelligence (AI), as part of the country’s vision for the development and governance of the technology, amid simmering tensions between Beijing and Washington. The AI Experts Committee will help spearhead efforts to promote the country’s perspective on how the fast-growing technology should be governed, according to … Read more

Ant International drives AI in cross-border payments to boost global expansion

by
Ant International drives AI in cross-border payments to boost global expansion

Singapore-headquartered Ant International said it has developed an AI model that predicts currency exchange rates on an hourly basis for both inbound and outbound transactions, which would help businesses reduce transaction costs and better allocate resources, the company said in a statement on Thursday. “Integration of AI into the processing of cross-border transactions is of … Read more

Ant CEO Eric Jing touts tokenisation benefits for cross-border transactions at FinTech Week

by
Ant CEO Eric Jing touts tokenisation benefits for cross-border transactions at FinTech Week

Tokenisation could drive real-time cross-border payments, Ant Group CEO Eric Jing Xiandong told an audience at Hong Kong FinTech Week on Monday, a topic he elaborated on while extolling the progress that Alipay has made in the city. “With tokenised deposits, that’s a really, really, really huge value for cross-border payments,” Jing said in a … Read more

What to see and do in Hangzhou, China, from beautiful ancient sites to a jazz bar

by
What to see and do in Hangzhou, China, from beautiful ancient sites to a jazz bar

The natural charms of Hangzhou in China were immortalised more than 1,000 years ago in the poems of Bai Juyi and Lin Bu, and it remains a draw to this day even as the city has grown into a hub for innovation. Known for its ancient streets and tree-lined canals, on the first day of … Read more

Alibaba, JD.com, Pinduoduo launch campaigns for Singles’ Day shopping festival on same day

by
Alibaba, JD.com, Pinduoduo launch campaigns for Singles’ Day shopping festival on same day

Taobao and Tmall Group, Alibaba’s domestic e-commerce business unit, launched at 8pm on Monday the presale stage of its promotion for Singles’ Day – also known as 11.11 or Double 11, referring to the shopping extravaganza originally observed on November 11 – as the company anticipates a record-high volume of users taking part in this … Read more