Billionaire Jack Ma believes that blockchain can revolutionize the world and moves from words to action: the affiliate of his Alibaba Group Holding has announced the new remittance service that will be free from transaction fees during the three month trial period.
Ant Financial will use this funding to expand its operations globally as well as towards developing emerging new technologies like blockchain.
Despite companies like eBay, Amazon, and Alibaba have changed the way people purchase consumer goods, there are still certain gaps in the e-commerce industry, and private data protection is the major one.
The Chinese e-commerce giant Alibaba has announced acquisition of Hangzhou C-SKY Microsystems, a Chinese microchip maker. The deal aims at boosting Alibaba’s cloud-based “internet of things” (IoT) business,
The PBoC also said that it will allow for a level playing field for the foreign players to compete with the local players in the highly saturated payments market of China.
Despite all the limitations on cryptocurrency mining and trading from the government, Alibaba, a Chinese e-commerce giant, has launched a cryptocurrency mining platform.
The company has successfully completed the first day of trading, what demonstrates the growing investor interest in Japan’s fintech industry
Ant Financial, the operator of Alipay, is expanding its mobile payments platform into the United States market, following limited trials in California and New York.
The merger with Ant Financial will provide MoneyGram with resources to further develop its technology, systems and anti-money laundering and compliance programs.
Ant Financial is set to bring mobile payments technology to customers in Indonesia via a new partnership with major local media company Emtek.
World’s trading giant is studying blockchain to adopt it to Alipay service.