Fintech

As more Chinese student come to Canada, so did WeChat and AliPay

Meituan-Dianping is the world’s #4 most valuable startup according to CB Insights.

Alibaba and Ant Financial jointly announced earlier this month that the Chinese e-commerce conglomerate would purchase a 33 percent stake in the latter.

In Singapore, Malaysia, Indonesia, the Philippines and Thailand, Ant Financial has partnered with local payers in digital payment.

Chinese authorities worried that a large armada of online lenders would leverage Tencent’s credit-scoring services to market suspicious financial products.

Ant Financial becomes a minority shareholder of Hong Kong-based dining guide platform OpenRice.

Plus, Didi launched its bike rental platform in Beijing and Shenzhen. Polling company SurveyMonkey is preparing to go public later this year.

Founded 10 years after the introduction of AliPay, WeChat Pay surpassed the powerful incumbent by introducing Lucky Money and secured its position as the mobile payment leader.