Media Coverage

Ant Financial valuation a sign of things to come for China's fintech sector

The US$60 billion valuation of Ant Financial Services following its second-round financing last month catapulted it to a lofty level on par with mainland China's fifth-largest bank. But it also marked a watershed for the development of C...

2016.05.08

Uber has Chinese travellers in its sights with Alipay deal

Uber has struck a deal with Alipay that will allow Chinese travellers to use the online payments platform to request and pay for rides overseas, as the US startup seeks a fresh edge in the highly competitive Chinese market. The deal will...

2016.05.03

Five things to know about China’s Ant Financial

China’s most valuable financial technology company, Ant Financial Services Group, just completed a fresh $4.5 billion funding round –giving it a valuation of roughly $60 billion. The new round being raised by the financial services affiliat...

2016.04.26

Alibaba, Ant Financial to jointly invest $1.25 billion in Ele.me

Chinese e-commerce giant Alibaba Group Holding Ltd., together with its financial affiliate, is placing a $1.25 billion bet on Chinese food-delivery app Ele.me, further fueling the battle to deliver offline services to Chinese consumers thro...

2016.04.14

Alibaba’s finance arm launches credit scoring service

Alibaba Group’s finance arm has launched a credit rating system that draws on the Chinese ecommerce group’s huge trove of user data, amid a government drive to expand financing for consumers and small businesses. The launch of Sesame Cre...

2016.01.28

Alibaba Affiliate Invests in China Insurance Unit of Cathay Financial

BEIJING— Alibaba Group Holding Ltd.’s financial-services affiliate will make a 1.2 billion yuan ($188 million) strategic investment for control over a mainland China-based insurance unit of a Taiwanese holding firm, the companies said Monda...

2015.09.14

Alibaba arm’s ‘Fortune’ app helps rookie Chinese buy funds

Alibaba Group Holding Ltd.’s finance affiliate unveiled a wealth-management app on Tuesday to help less well-heeled Chinese buy into hundreds of funds and track stocks from Hong Kong to the Nasdaq off their smartphones. Ant Fortune compl...

2015.08.18

Alibaba, Ant invest $1 Billion in China local services venture

Alibaba Group Holding Ltd. and its finance affiliate each agreed to invest 3 billion yuan ($483 million) in a new venture targeting neighborhood services in China. The Koubei venture with Zhejiang Ant Small & Micro Financial Services Gro...

2015.06.23

Alibaba finance arm Ant Financial to launch online private bank in June

Alibaba Group Holding Ltd's finance arm will launch its private internet bank, to be called MYbank in June, Yuan Leiming, Ant Financial's general manager of its finance division, told Reuters in an interview in Beijing on Thursday. Ant F...

2015.04.08

Alibaba Finance Arm Follows Jack Ma in Overseas Expansion

The payment-processing affiliate of Alibaba Group Holding Ltd. is expanding in the U.S. and Russia as billionaire founder Jack Ma pushes the Chinese e-commerce giant beyond its home market. Zhejiang Ant Small & Micro Financial Services G...

2014.10.16