Ant Financial secures USD 4.5 B, likely valued…

Alibaba’s financial services platform Ant Financial completed its Series B financing on Tuesday, landing USD 4.5 billion. It is reportedly the largest single round of financing in IT industry history, surpassing financing rounds for Didi…

Only for April Fool’s Day? Ant Financial launches…

Ant Financial, Alibaba’s financial services platform, revealed a new conceptual design for a "life services platform" called Up on Thursday. According to the introduction video for the new design, Up is a life services platform…

Ant Financial to expand to 1000 counties in…

Ant Financial, Alibaba’s financial services platform, announced the launch of a new project on Monday. Called "one thousand counties, one trillion yuan", the project is aiming to help one thousand counties get RMB 1 trillion…

Uber and Alipay to launch cross-border payment solution…

[caption id="attachment_3608" align="aligncenter" width="500"] From Baidu Images.[/caption] Uber China on Monday announced a partnership with Alibaba-backed Ant Financial to offer a cross-border payment solution to Uber riders from mainland China taking trips overseas. The service…

Chinese P2P loan platform surpasses Lending Club to…

The world’s most valuable fintech startup is now Chinese. Lu.com, a Chinese peer-to-peer personal loan platform, finished a USD 900 million Series B financing in December 2015, the tech channel of Tencent News reported on…