Media Coverage

Ant to give US$152m grants over 3 years

ALIBABA’S financial services affiliate Ant Financial Services Group said it will provide incentives worth 1 billion yuan (US$152 million) within three years to at least 1 million independent software vendors to offer services 10 million off...

2016.08.11

Jack Ma is opening his wallet to Europe but not to Europeans

Jack Ma will set a bag aside for you at your favorite Paris store or hail you a ride in Rome -- just as long as you’re not European. China’s biggest third-party payments platform Alipay, an affiliate of Ma’s Alibaba Group Holding Ltd., i...

2016.08.08

An ex-Goldman banker has big plans for Alibaba finance affiliate

When Douglas Feagin decided to leave Goldman Sachs Group Inc. after 22 years to run Ant Financial's global operations, his colleagues congratulated him. Then asked: "Wait, what does Ant Financial do?" If Feagin does his job right, his ne...

2016.08.01

Alibaba spin-off Alipay made a big investment in a Singapore startup, and no one noticed

When we went around asking people in tech if they know about M-Daq, all we got were puzzled looks. Turns out it’s probably the most underrated startup in Singapore. But the fintech company is no fly-by-night operation. One of its investo...

2016.07.22

A man famous in China for his superhuman memory beat an AI in a facial recognition contest

At a competition in China to see who is better at recognizing faces, man or machine, Wang Yuheng, representing the humans, emerged victorious. Wang is famous in China for his photographic memory. He successfully identified a specific gla...

2016.07.05

Alibaba financial affiliate plans to buy stake in Thailand’s Ascend Money

A financial affiliate of Alibaba Group Holding Ltd. is planning to buy a 20% stake in Thailand’s Ascend Money, a deal that is expected to increase the Chinese company’s exposure in Southeast Asia. Alipay (Hong Kong) Holding Ltd., a unit ...

2016.06.18

The future of banking Is in China

The 33-year-old market researcher in Shanghai usually keeps yuan equivalent to a few hundred dollars deposited online to cover her daily spending—and more ahead of big sales. It takes her only a few taps on the screen to buy investment fund...

2016.06.02

Ant Financial seeks licenses in Asia as global push accelerates

Alibaba Group Holding Ltd.’s finance affiliate is targeting operating licenses in Hong Kong, South Korea, India and other Asia-Pacific markets as it prioritizes international expansion. Zhejiang Ant Small & Micro Financial Services Group...

2016.05.25

Singapore's Sentosa lures Chinese customers with expanded Alipay link

Chinese visitors can now pay through Alipay at over 110 locations at Singapore's Resorts World Sentosa (RWS), RWS said in a statement on Monday. RWS said it has established a strategic collaboration with Ant Financial Services Group wher...

2016.05.23

Samsung, Alibaba’s financial affiliate to cooperate on mobile payments

Samsung Electronics Co. agreed with Alibaba Group Holding Ltd.'s financial-services affiliate to cooperate on mobile payments, as the South Korean smartphone maker looks to expand in China, a market where it has struggled in recent years. ...

2016.05.20