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Ant’s global play is to be a payments aggregator and it now reaches 1B users • ZebethMedia

By zebethcontrolPosted on November 4, 2022Posted in alibaba, alipay, Ant Financial, ant group, ant+, Fintech, jack ma, mobile payments, mobile wallet, WalletNo Comments

After trying for years to replicate the success of its QR code-enabled payments solution overseas, Ant Group seems to have finally found a path to scaling. Instead of going after end users, the Alibaba-affiliated fintech giant has been quietly forming partnerships with local payments providers in Asia. It’s built something akin to the Mastercard or […]

Don’t panic — this isn’t Tencent’s first tie-up with a state-owned firm • ZebethMedia

By zebethcontrolPosted on November 2, 2022Posted in alibaba, Beijing, China, Government & Policy, jack ma, TencentNo Comments

News on Tencent and China Unicom is causing a stir in China’s tech industry on Wednesday afternoon. The gaming and social networking behemoth and the state-owned carrier have received regulatory approval to set up a joint venture, according to a government announcement. Following the transaction, Tencent and China Unicom will respectively own 42% and 47% […]