Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China.
Alibaba Group is a public Chinese company that specializes in the sphere of e-commerce and also owns the business-to-business web portal Alibaba.com. The company was founded in 1999 by Ma Yun — known professionally as Jack Ma — and currently is headquartered in Hangzhou. Alibaba has several platforms, such as Alibaba pictures for film directing, Alibaba Express (officially AliExpress) — an international trading platform — and AliPay — a platform for online payments. As China has banned the use of cryptocurrency in the country, the company supported such policy and made all payments in Bitcoin invalid. Nevertheless, the founder of service believes in the prospects of blockchain technology for the cloud storage and logistics of the corporation.
Ant Group remains the world’s biggest blockchain patentee, while IBM is considered to be the most-cited developer of patents in the industry.4439
The notion of China racing to launch a CBDC that will end U.S. monetary supremacy doesn't hold up if you look at the facts on the ground.9974
Exploring where national security meets securities offerings in this week's crypto news.9762
China's market regulator finalizes rules that have been three months in the making.12983
Several of Ant Group’s offerings including the blockchain division will reportedly become part of a financial holding company.3811
A representative for the Jack Ma Foundation confirmed to reporters that the businessman had “participated in the online ceremony of the annual Rural Teacher initiative event on January 20.”8713
The trade war with China homes in on the country's thriving digital payments industry.15421
The current conservative international financial system doesn't suit young people or young economies, says Ma.30116
The platform is just the latest product in the fintech’s long-evolving blockchain solutions.4624
Hint: It's not a blockchain company.19232
But the company with the most patents isn’t even American.8644
China’s Ant Group is prepping for the largest IPO in history.7813
China’s central bank may be planning to use its digital currency to curb the dominance of Alibaba and Tencent in the digital payments sector.10706
At the request of the People’s Bank of China, Beijing could soon probe its digital payments monopolies, sources claim.5139