Alipay

Alipay is a third-party mobile and online payment platform, established in Hangzhou, China in February 2004 by Alibaba Group and its founder Jack Ma. In 2015, Alipay moved its headquarters to Pudong, Shanghai, although its parent company Ant Financial remains Hangzhou-based.

(source: en.wikipedia.org)

China’s Central Bank: Digital Yuan Won’t Replace Alipay, WeChat Pay
China’s Central Bank: Digital Yuan Won’t Replace Alipay, WeChat Pay
March 25, 2021  |  Digital Payments

China’s central bank said that its planned digital yuan will not displace the payment services of the country’s big FinTech companies, including Ant Group’s Alipay...

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Ant Group Looks To Boost Valuation By Upping Alipay Commissions
Ant Group Looks To Boost Valuation By Upping Alipay Commissions
March 25, 2021  |  International

Several Chinese bankers have agreed to let Alipay, Ant Group’s finance arm and the biggest payments processor in China, take a larger percentage of fees...

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Today In Payments: Albertsons Laying Off Union Drivers In DoorDash Pivot; PayPal Joins Divvy’s $165 Million Funding Round
Today In Payments: Albertsons Laying Off Union Drivers In DoorDash Pivot; PayPal Joins Divvy’s $165...
January 06, 2021  |  News

In today’s top news, Albertsons is laying off some of its unionized drivers as it teams with DoorDash, and FinTech Divvy raised $165 million. Plus,...

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Trump Executive Order On WeChat, Alipay And Others Catch Consumers In The Middle
Trump Executive Order On WeChat, Alipay And Others Catch Consumers In The Middle
January 06, 2021  |  International

Call it the latest salvo amid tensions between China and the United States that may heat up. With the consumer in focus. To that end,...

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Trump Executive Order Bans Transactions With Alipay, 7 Other Chinese Companies
Trump Executive Order Bans Transactions With Alipay, 7 Other Chinese Companies
January 05, 2021  |  Regulation

President Donald Trump has banned transactions with eight Chinese software applications, including Ant Group‘s Alipay, which will escalate tensions with Beijing as he prepares to...

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Ant Mulls Rerouting Financial Services To Separate Holding Company
Ant Mulls Rerouting Financial Services To Separate Holding Company
December 29, 2020  |  International

Jack Ma’s Ant Group is considering moving all of its financial services units to a separate holding company that would be regulated like a bank,...

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Shopify Links Up With Alipay To Boost Merchants’ Cross-Border Sales
Shopify Links Up With Alipay To Boost Merchants’ Cross-Border Sales
November 17, 2020  |  Retail

Shopify has expanded its payment options for merchants with a new partnership with Alipay, China’s payments app. The deal will unlock “the power of cross-border...

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Ant’s Pending IPO Hit By Controversy Over Share Sale On Alipay
Ant’s Pending IPO Hit By Controversy Over Share Sale On Alipay
October 13, 2020  |  IPO

Ant Group, a China-based payments platform, is facing regulatory delays in its highly-anticipated initial public offering (IPO) amid growing unease over its handling of its...

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Ant Group Files For IPO, Reports $3B In Half-Year Profits
Ant Group Files For IPO, Reports $3B In Half-Year Profits
August 25, 2020  |  IPO

Ant Group has filed for an initial public offering (IPO) of stock that could be the largest in history. The company’s filing with the Hong...

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