Ant Financial, Alibaba Group's financial service affiliate, announced last Tuesday that it has teamed up with 352 cities in 25 provinces to facilitate government-backed smart city projects, which its rivals - Baidu Inc and Tencent Holdings - also have their eyes on.
The mobile payment tool, run by Ant Financial Services Group, an affiliate of Alibaba Group, rolled out the new service that allows some of its users to stay updated on topics of interest to them and get in touch with people who share these interests online.
Alibaba and its payment affiliate, Ant Financial, also announced last year that they would each invest Rmb3bn to develop a food-delivery service called Koubei.
Last October, Mr Jia pledged 85 per cent of his personal shares in LeEco's Shenzhen-listed affiliate, Leshi Internet Information & Technology Corp, for loans to support various projects by unlisted LeEco, according to a Leshi exchange filing.
Its sales are strong in India, where its Maruti Suzuki affiliate controls about half of the market, but analysts have said the company will need to find a partner to adapt to the industry shift towards the electrification of cars.
Ant Financial Services Group, an affiliate of e-commerce giant Alibaba and owner of Alipay, announced the ten airports are in Hong Kong, Macao, Taiwan, Germany, Japan, South Korea, Singapore, New Zealand, and Thailand; the top travel destinations for tourists from the Chinese Mainland.
Alibaba's popular online payment affiliate said the fee will start from October 12.
Hangzhou-based Ant Financial, the financial services affiliate of Alibaba Group, which operates China's biggest ecommerce platform, raised $4.
Marriott began accepting Alipay, the mobile payment service run by Alibaba Group's financial affiliate, in its China hotels and some international locations this year.
Ant Financial, the financial affiliate of Alibaba, raised $4.
This year there was uproar in the north-western city of Aktobe after it was reported that the local affiliate of China National Petroleum Corporation was requiring workers to take Chinese language tests.
The shift marks a partial de-escalation of its market-share battle with Alipay, the payment service run by Alibaba's financial affiliate Ant Financial.
HONG KONG — An online payment affiliate of Alibaba Group, the Chinese e-commerce giant, said on Tuesday that it had raised $4.
9tn) in 2015 transactions on Alipay, Alibaba's payment affiliate, according to research by Credit Suisse published in February.
Two people close to Caixin said discussions were under way for Ant Financial, the payments, banking and asset management affiliate of US-listed Alibaba, to buy an undisclosed holding.
Shared likeness Its manufacturer, Xiaoyi, which makes home security cameras, is a China-based affiliate of local smartphone maker Xiaomi.
Average individual spending in the financial hub was 104,155 yuan (15,832 US dollars) on Alipay last year, the highest in the country, according to the report, released Tuesday by Ant Financial, Alibaba's financial service affiliate, which operates Alipay.
The financial affiliate of Alibaba Group, Ant Financial, followed with its own — MyBank in June.
The company has an advantage in deep-learning algorithms for speech recognition in that most video and audio in China is accompanied by text — nearly all news clips, television shows and films are close-captioned and almost all are available to Baidu and Iqiyi, its video affiliate.
Become an affiliate bloggerwhile in college.