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Jack Ma, founder of the US$239 billion e-commerce conglomerate Alibaba, was appointed by the Malaysian government to mentor its transition to digital economy.
Chinese consumers are rapidly moving towards non-bank and cashless alternatives, such as Alibaba’s $60 bln financial application Alipay.
Alibaba's introduction of tamper-proof Blockchain technology to improve accountability in the Chinese charity industry will boost the trend, particularly among other organizations.
Alibaba announced a possibility to use Blockchain in its new cloud service platform at the Yunqi Assembly Shanghai summit.
American Express rolls out a new online checkout service, FinTech is the reason for record hikes in venture capital flooding into the London startup scene, and more FinTech news
Alibaba and Chinese banks do battle over online lending, Credit Karma secures new funding to expand its service as it looks to become the default for consumers’ complete financial identity, and more news
In light of Alibaba’s success story, the chief administrative authority of the People’s Republic of China, the State Council, is looking to boost entrepreneurship and attract venture capital funds to lift Chinese startups.
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