NewsMicro-lending platform Qudian seeks to raise USD 250 million from convertible notes Once backed by Ant Financial, Qudian tries to go for it alone. 1 min read
The online lender’s client base grew tenfold in the past few years. NewsAnt Financial-backed MYbank gave out more than USD 290 billion in loans in the past four years1 min read
Alipay has 647 million monthly active users. NewsAlipay says it now hosts over 80% of China’s asset management companies1 min read
A novel idea in 2017, mini programs now account for the vast majority of traffic for some apps. NewsThe MAUs of WeChat, Alipay, and Baidu’s mini programs now add up to more than 1 billion2 mins read
It’s also looking to expend the services to more than 20 countries and regions by 2020 NewsAlipay launches cab-hailing integration mini-program2 mins read
Its strategy in Europe is focused on Chinese travelers. NewsAlipay triples number of European merchants in one year1 min read
It was valued above USD 2.5 billion in the previous fundraising round. NewsAnt Financial-backed Hello Chuxing seeks hefty financing that would take valuation to USD 4 billion2 mins read
It’s a promising trend ahead of the 2020 Tokyo Olympics. NewsAlipay now serves over 300,000 merchants in Japan1 min read
The Hong Kong Monetary Authority has so far issued 8 virtual banking licenses. Ant Financial, Tencent, Xiaomi, and Ping An each have one. NewsCompanies backed by Chinese tech giants are granted virtual banking licenses in Hong Kong1 min read
