Alibaba Invests in Mobile Lending Startup WeLab
Hong Kong-based mobile lender, WeLab announced that it raised $220 million in a Series B funding round today. The round ...
Tag: Alibaba
Fintechs Are No Threat to Banks — But Amazon and Alibaba Are
The biggest threat for the banking sector is not fintechs. No, according to a recent report by McKinsey, that would ...
Can APIs Help Banks Avoid Becoming Simple ‘Deposit-Holders?’
EXCLUSIVE—If banks want to remain a large, foundational part of the future financial system, they’re going to have to start ...
Alipay and Chase Partner Up to Serve Chinese Tourists Abroad
Alipay announced today that its users will now be able to use their Alipay Mobile Wallets for to make purchases ...
Qudian Wins the U.S. Stock Market
Valued at $11.7 billion, Chinese peer-to-peer lender Qudian is now the largest Chinese company listed in the United States. It ...
Alibaba’s $15 Billion Research Investment to Include Fintech Focus
Chinese e-commerce titan Alibaba announced today that it plans to invest more than $15 billion over the next three years ...
$3.46 Trillion in 3 Months: China’s Colossal Mobile Payments Market
Xinhua News reports that consumers in China’s third-party mobile payment market spent a total of $3.46 trillion (23 trillion yuan) ...
China’s Alibaba, U.S.-based Bittrex Partner with Korean Crypto-Trading Platform
U.S. fintech firm, Bittrex, and South Korean app developer, Dunamu, an affiliate of the country’s largest messaging platform, Kakao, have ...
Ant Financial teams up with CK Huntchinson in AliPayHK Joint Venture
Chinese payment mogul Ant Financial has joined hands with Hong Kong's CK Hutchinson to create a joint venture to operate ...
Japanese Consortium of Banks to Create Digital Currency ‘J Coin’
Japanese banks are planning to create a national digital currency for the nation, known as “J Coin,” that will be ...
