Tag "China"
Alibaba Founder Appointed As Malaysia’s Digital Economy Advisor Amid Digital Free Trade Zone Initiative
Jack Ma, the founder and executive chairman of Alibaba Group, has been appointed as Malaysia’s digital economy advisor as the government looks to boost the country’s e-commerce and Internet sector, and create new opportunities for Malaysia. Prime minister Datuk Seri
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Top 50 Fintechs in China
KPMG has released a new report naming the top 50 fintech ventures in China, which include Ant Financial, Baidu Finance, Dianrong.com, WeBank and Zhongan Insurance. The report, titled 2016 China Leading Fintech 50, aims at promoting the industry’s growth by highlighting
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Ant Financial Worth US$75B, Considers IPO in HK Next Year, All Facts you Have to Know about Alipay
Ant Financial, Alipay’s parent company and Alibaba’s financial-services affiliate, is said to be worth US$75 billion, according to Elinor Leung, the head of telecom and Internet research at CLSA in Hong Kong. According to a Bloomberg report, Leung estimates that
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Fintech Regulation in Asia: How Singapore, HK, Korea, Japan, China, India Are Doing it
In 2015, Asia’s fintech startups attracted US$4.5 billion in venture capital funding through 130 deals, making the region the second biggest player in terms of venture capital following North America with US$7.7 billion through 378 deals. According to a report
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Alibaba’s Ant Financial Announces VR-Based Payments Service
Ant Financial Services Group, Alibaba’s financial service affiliate that runs Alipay, has unveiled a new virtual reality (VR)-based payments service which the group plans to launch in September, according to a report by Yicai Global. In March, Alibaba established its
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China, A Frontrunner In The Fintech Race
China’s open and supportive regulatory environment, highly developed Internet and e-commerce sector, and growing demand for alternative finance solutions, have allowed the country’s fintech industry to flourish in the last few years. Today, China stands as a frontrunner in Internet finance. By the
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China: ApplePay Struggles to Take Off Amid Fierce Competition / Launch in Singapore
The mobile payments industry is expected to become a US$142 billion market by 2019, according to PricewaterhouseCoopers, a trend that has led to the emergence of a great number of mobile payments systems. Apple Pay, which launched in the US
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Chinese Internet Giants Alibaba, Baidu, Tencent, Lead Fintech Revolution
Disruptive innovation in banking and payments is overwhelmingly coming from China. Established global banks had better watch out or they may soon not have a future, according to Haydn Shaughnessy, co-founder of The Disruption House and author of Platform Disruptive
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