alipay Archive

Alibaba's $60 Billion Finance arm Seeks Growth Before IPO Say Sources

SHANGHAI, China — Investors gearing up for the initial public offering of Ant Financial, the $60 billion (£54.26 billion) online finance arm spun off by e-commerce giant Alibaba, will have to wait until at least late 2017 as the business puts growth first, sources say. Sources with knowledge of the plans said Ant Financial, whose anchor business is Alipay, China’s largest online payments service, is …

China is disrupting global fintech

Joshua Bateman Crunch Network Contributor Joshua Bateman is a journalist based in Greater China and is writing a book about agriculture and food in China. More posts by this contributor: How to join the network In China, the abacus was mentioned by the Eastern Han Dynasty (25-220 A.D.). During the Song Dynasty (960-1279), the Chinese were the first to use paper money. In late 2013, …